Powerledger (POWR) continues its upward grind, gaining 1.79% in the last 24 hours and approaching a key resistance level. Traders are watching closely as volume and RSI signal growing momentum.
- Current Price: $0.1763
- 24h Change: +1.79%
- 24h High/Low: $0.1776 / $0.1731
📉 4H Chart Analysis
- Trend: Short-term bullish — price climbing steadily from $0.1560 support
- Support Levels: $0.1730 (recent low), $0.1650 (swing support), $0.1560 (major floor)
- Resistance Levels: $0.1776 (local high), $0.1849 (next breakout zone), $0.2032 (major swing high)
- Pattern: Ascending structure with higher lows; breakout setup forming
- Volume: Increasing — 5-period MA above 10-period MA, confirming bullish interest
- RSI: 68.19 — nearing overbought, but still room for upside
📰 Market Context
POWR is gaining traction as interest in energy-focused blockchain projects grows. Recent sentiment on Binance Square highlights a potential breakout above $0.1849, with targets at $0.1920 and $0.1985. Powerledger’s dual-layer architecture (Ethereum + Solana) and its role in decentralized energy markets continue to attract investor attention.
📈 Short-Term Outlook
Bullish. If POWR breaks above $0.1776 with volume confirmation, a move toward $0.1849 or even $0.2000 could follow. RSI suggests caution for late entries, but momentum remains strong.
💬 Will POWR break through $0.1776 and retest $0.1849, or is a pullback due? What’s your strategy?
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⚠️ Disclaimer: This is for educational purposes only and is not financial advice.
