$POWR USDT PERP – Bulls Are Taking Control, Is $0.070 Next?
Powerledger ($POWR) is showing strong buying pressure on the 1-hour chart. Currently trading around $0.06810, the coin has gained approximately 4.21% in 24 hours, with trading volume reaching 28.09M USDT.
What caught my attention is the sudden breakout from the $0.056–$0.057 consolidation zone. Buyers have pushed the price toward $0.070, which is now the key resistance to watch.
Technical Analysis
Current Price: $0.06810
24H High: $0.07000
24H Low: $0.05466
Immediate Resistance: $0.07000
First Support: $0.06500
Major Support: $0.05600–$0.05700
Potential Trade Setup
Entry Zone: $0.06500–$0.06600 after a successful retest
Stop Loss: Requires confirmation of the retest low
TP1: $0.07000
TP2: Pending a confirmed breakout above $0.07000
Risk-to-Reward: Depends on the confirmed entry and stop-loss.
What Comes Next?
If POWR holds above $0.06500 and buyers manage to break $0.07000, bullish momentum could continue. However, rejection at resistance may bring a pullback toward $0.06500.
My approach would be simple: avoid chasing the sudden pump and wait for confirmation. The breakout looks promising, but protecting capital comes first.
Watch $0.07000 closely. That's the level that could decide the next move.
Powerledger ($POWR) is showing strong buying pressure on the 1-hour chart. Currently trading around $0.06810, the coin has gained approximately 4.21% in 24 hours, with trading volume reaching 28.09M USDT.
What caught my attention is the sudden breakout from the $0.056–$0.057 consolidation zone. Buyers have pushed the price toward $0.070, which is now the key resistance to watch.
Technical Analysis
Current Price: $0.06810
24H High: $0.07000
24H Low: $0.05466
Immediate Resistance: $0.07000
First Support: $0.06500
Major Support: $0.05600–$0.05700
Potential Trade Setup
Entry Zone: $0.06500–$0.06600 after a successful retest
Stop Loss: Requires confirmation of the retest low
TP1: $0.07000
TP2: Pending a confirmed breakout above $0.07000
Risk-to-Reward: Depends on the confirmed entry and stop-loss.
What Comes Next?
If POWR holds above $0.06500 and buyers manage to break $0.07000, bullish momentum could continue. However, rejection at resistance may bring a pullback toward $0.06500.
My approach would be simple: avoid chasing the sudden pump and wait for confirmation. The breakout looks promising, but protecting capital comes first.
Watch $0.07000 closely. That's the level that could decide the next move.
