POWER PLUNGES THROUGH KEY SUPPORT 📉😬
$POWER slams through the $0.120 threshold, ripping a 30% 24‑hour drop and exposing the fragile order block that held the price above $0.11464. The 1‑hour candle closed well beneath the low, confirming a decisive break of the intraday support zone 😬
Volume surged past $126 M as sellers overwhelmed lingering buying pressure, pushing the market into a bearish momentum acceleration. The RSI on the 4‑hour chart slipped under 25, while the MACD histogram deepened into negative territory, suggesting the move is more than a routine pull‑back 📉
With the $0.15551 mid‑range now acting as a potential resistance ceiling, any further erosion toward the $0.11464 floor could signal a structural breakdown rather than a healthy correction. Institutional order flow appears to be reallocating out of high‑beta altcoins, leaving $POWER vulnerable to extended downside pressure
Levels to monitor:
Watching support around $0.11464
Structure suggests resistance near $0.19597
Mid range area: $0.15551
DYOR
Follow for Updates
#POWER #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
$POWER slams through the $0.120 threshold, ripping a 30% 24‑hour drop and exposing the fragile order block that held the price above $0.11464. The 1‑hour candle closed well beneath the low, confirming a decisive break of the intraday support zone 😬
Volume surged past $126 M as sellers overwhelmed lingering buying pressure, pushing the market into a bearish momentum acceleration. The RSI on the 4‑hour chart slipped under 25, while the MACD histogram deepened into negative territory, suggesting the move is more than a routine pull‑back 📉
With the $0.15551 mid‑range now acting as a potential resistance ceiling, any further erosion toward the $0.11464 floor could signal a structural breakdown rather than a healthy correction. Institutional order flow appears to be reallocating out of high‑beta altcoins, leaving $POWER vulnerable to extended downside pressure
Levels to monitor:
Watching support around $0.11464
Structure suggests resistance near $0.19597
Mid range area: $0.15551
DYOR
Follow for Updates
#POWER #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare