$POWR has seen a slight decline of -0.673% in the past 24 hours, indicating some bearish pressure.
The price fluctuated between a high of 0.1647 and a low of 0.1605, within the Bollinger Bands boundaries.
Current support stands at 0.1605, with resistance at 0.1647, suggesting a tight trading range.
Although the overall market shows an uptrend, the recent price movement is weak and may influence trader sentiment.
Macroeconomic factors like inflation and regulatory developments could further impact POWR's price movements.
Bitcoin's undefined influence implies that POWR's correlation with it is limited at this moment.
Traders might consider a short-term approach due to the observed volatility in this range.
A key takeaway is to watch for a break beyond 0.1647 for potential bullish momentum, while closely monitoring macro developments.
