At $POWER there is currently a problem that cannot be seen from a single candle.
The price has risen from 0.11 to 0.1988, but at the same time one wallet systematically receives unlocked tokens and, within a few minutes, sends them to Binance.
Within an hour, more than $2 million worth of POWER was moved this way.
Therefore, the 0.198–0.200 zone becomes critical for me.
If the market continues to absorb this volume, the uptrend may continue. If not, a vertical candle can quickly turn into a pullback.
The price has risen from 0.11 to 0.1988, but at the same time one wallet systematically receives unlocked tokens and, within a few minutes, sends them to Binance.
Within an hour, more than $2 million worth of POWER was moved this way.
Therefore, the 0.198–0.200 zone becomes critical for me.
If the market continues to absorb this volume, the uptrend may continue. If not, a vertical candle can quickly turn into a pullback.
