$POWER gave back a chunk then found its footing 🔋
Ran from 0.11302 to a 0.20800 high, dumped hard down to the 0.15 zone, now recovering back to 0.16933, +43.62% on the day, still a strong number even after nearly half the peak move got erased
MA(7) dipped below MA(25) during that drop then curled back up and just crossed over it again, that cross is usually the first sign buyers are stepping back in after a flush, price is basically fighting to reclaim that level right now
Volume still big, 1.03B POWER and 168.11M USDT, so this hasn't gone quiet even through the chop
Out of all the perps today this had the sharpest round trip top to bottom, the recovery from here matters more than the earlier high at this point
Not financial advice, just watching the tape
Ran from 0.11302 to a 0.20800 high, dumped hard down to the 0.15 zone, now recovering back to 0.16933, +43.62% on the day, still a strong number even after nearly half the peak move got erased
MA(7) dipped below MA(25) during that drop then curled back up and just crossed over it again, that cross is usually the first sign buyers are stepping back in after a flush, price is basically fighting to reclaim that level right now
Volume still big, 1.03B POWER and 168.11M USDT, so this hasn't gone quiet even through the chop
Out of all the perps today this had the sharpest round trip top to bottom, the recovery from here matters more than the earlier high at this point
Not financial advice, just watching the tape
