$BTC
POW Token Breaks $100K! Is a Correction Coming?
The POW token has surged +4.26%, reaching $102,989.94, after peaking at $104,145.76 in the past 24 hours. With RSI at 83.84, it's deep in overbought territory, suggesting a potential pullback.
Key Indicators:
Bollinger Bands: Price nearing the upper band ($102,770.92) — possible resistance.
StochRSI: At 84.59, also indicating overbought.
MACD & EMA trends show strong momentum.
Support zone: ~$94,931 (mid-Bollinger band)
Volume: 30.78K BTC & 3.12B USDT in 24h
Is this a breakout or the top?
Traders might consider waiting for a consolidation or retracement before jumping in.
#Crypto #POW #Binance #BTC #TradingAnalysis #Altcoins #BollingerBands