$POWR

Yello, Paradisers! Could #POWRUSDT be gearing up for a breakout, or will it fail to hold critical support levels? Letโ€™s dive into the key areas of #PowerLedger:

๐Ÿ’Ž#POWR has been trading in a descending channel formation for most of 2024, steadily making lower highs and lower lows. However, recent price action suggests a potential shift in momentum, signaling an opportunity for the bulls to step in.

๐Ÿ’ŽThe demand zone between $0.1856 and $0.2577 remains the critical level to monitor. This area has consistently provided strong support, and as long as the price stays above this zone, the bullish outlook remains valid. A sustained hold here would strengthen the case for a move higher.

๐Ÿ’ŽIf the price holds this demand zone and begins a reversal, the first target is the supply zone around $0.3500โ€“$0.4500, which has acted as a key resistance in the past. A decisive breakout above this level could propel POWR toward its major resistance zone at $0.8000, opening up a potential rally to even higher levels.

๐Ÿ’ŽThat said, caution is essential. A daily candle close below $0.1856 would invalidate the bullish thesis and could trigger a sharp correction, exposing the price to further downside risk. In such a scenario, #POWR may revisit sub-$0.1350 levels, potentially shaking out weak hands before finding a new equilibrium.

Stay focused, patient, and disciplined, Paradisers๐Ÿฅ‚