$POWR is currently testing a major support zone at the $0.077 level. After a period of sideways grinding and slight bearish pressure, the charts are showing some interesting signals for eagle-eyed traders:
Technical Highlights:
Support Level: Holding firm at $0.0772. A bounce here could target the first resistance at $0.084.
Indicator Alert: We are seeing a slight bullish divergence on the MACD histogram—often a precursor to a trend reversal.
Volume: Trading volume has dipped by 60% recently, suggesting that the "sell-off" might be exhausting.
The Play: Watch for a confirmed candle close above $0.082 to signal a shift in momentum. If the support at $0.072 fails, we might see a deeper retracement.
Are you Accumulating or Waiting? Let me know in the comments!
#TechnicalAnalysis #cryptotrading #BinanceSquareFamily #altcoins #Powerledger $POWER
POWERUSDT
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