Powerledger presyoPOWR

According to Arkham, in the past 5 hours, the US government address transferred part of the FTX/Alameda seized funds to two wallets starting with 0x9cd and 0x9ac, including 5024 ETH (about 18.17 million US dollars), 13.58 million BUSD, 54.89 billion SHIB (about $1.55m) and AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM and RLC.

The chart shows the daily timeframe for $POWR . The main feature highlighted is a Descending Channel pattern, which is a bearish formation characterized by lower highs and lower lows within two parallel trend lines. Descending Channel Pattern: • Upper Trend Line (Resistance): The upper boundary of the channel has been tested multiple times as resistance, preventing the price from moving higher. • Lower Trend Line (Support): The lower boundary has acted as support, preventing further declines whenever the price reached this area. Current Price Action: • The price is currently trading near the middle of the descending channel, close to the upper trend line. • Current Price: As of the last candle, POWR is trading around $0.2055, which is showing a slight bullish momentum (+5.49%). Potential Scenarios: 1. Bullish Breakout: • If the price manages to break above the upper trend line of the channel, it could indicate a potential reversal of the downtrend. • In this scenario, the price could target higher resistance levels, such as $0.2400 or higher. • A breakout would likely need to be accompanied by an increase in volume to confirm the move. 2. Continued Downtrend: • If the price fails to break above the upper trend line, it may continue to move lower within the channel. • The next potential support levels would be near the lower trend line of the channel, around $0.1850 or lower. • This would indicate that the bearish trend is still intact, and traders might look for short opportunities. Trading Strategy: • Aggressive Bullish Traders: Might consider entering a long position if the price breaks and closes above the upper trend line with strong volume. Stops could be placed just below the breakout point. • Conservative Traders: Could wait for a retest of the breakout level before entering to confirm that the breakout is sustained. • Bearish Traders: Might look for short opportunities if the price approaches the upper trend line and shows signs of rejection. Stops could be placed just above the upper trend line. Volume Considerations: • As with any breakout scenario, the volume will be a critical factor in determining the strength of the move. High volume on a breakout would signal a higher probability of a trend reversal, while low volume could indicate a potential false breakout. The $POWR chart is in a descending channel, showing a bearish trend on the daily timeframe. The price is currently attempting to move higher, approaching the upper boundary of the channel. Traders should watch for a potential breakout or rejection at this level to determine the next directional move.

The price has just touched the Hash Rate PoW value, often seen as the lower limit defined by estimated production costs.$POWR

#POWRUSDT #$POWR NEED TO FLIP OVER TRENDLINE AND SUPPORT FOR SHOWING MOMENTUM AND AFTER BREAKOUT LONG TRADE ARE OPEN KINDLY WAIT FOR THE CONFIRMATION COMES TILL THEN KEEP THI IN YOUR WATCHLIST $POWR

#POWR/USDT $POWR IS ON 4H STRONG SUPPORT $POWR CAN BE CHOOPY BEFORE SHOWING ITS MOVE #IF PRICE SUSTAINGS THIS LEVEL ONLY THEN IT IS A BULLISH UNTIL THEN KEEP EYES ON IT $POWR