POWER has recently been quite popular, with the current price stuck at 0.3794 USDT. If we talk about what is driving this surge, the data actually speaks very clearly.



Let's first look at the main catalysts for the rally. First, the "POWER" narrative itself hits the market's current trend, naturally attracting a lot of attention and capital. Second, the technical indicators indeed show strength — a single large bullish candle appeared on the 15-minute chart, with a rise of over 4%, and the candle's real body accounts for more than 80%. Trading volume also increased simultaneously, indicating that buying pressure was concentrated and exploded at a certain moment. Plus, the overall market is in a high-volatility state (average fluctuation around 3.12%), providing ample room for short-term speculation.

From a trading perspective, the current situation is: the price is oscillating around 0.38, with trading volume significantly shrinking, and the bullish and bearish directions are still undecided.

For bullish traders, wait until the price stabilizes above 0.38 and then breaks through the previous high of 0.39. Once volume increases on the breakout, consider taking a light position, targeting around 0.40-0.41. But the prerequisite is to strictly set stop-loss orders below 0.375 to prevent unlimited losses.

Conversely, if the price remains suppressed below 0.39 or even falls below 0.375, be alert for a potential correction to the strong support zone around 0.36. At this point, there might even be a short-selling opportunity.

In summary, this position is highly volatile, and light positions are necessary. The key is whether the price can break through 0.39 and whether trading volume expands again — these two factors will determine the subsequent momentum.
POWER-29.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
BearMarketSunriservip
· 20h ago
0.39 is really stuck at this level, it seems the bulls are not ready yet.
View OriginalReply0
SnapshotDayLaborervip
· 21h ago
0.39 Whether the key level breaks or not is the real issue; shrinking volume is just fooling people.
View OriginalReply0
GasFeeNightmarevip
· 21h ago
0.39 that barrier really got stuck, I'm now betting whether it can break through... With such a weak trading volume, I really don't dare to hold a heavy position.
View OriginalReply0
BlockchainTalkervip
· 21h ago
actually, the narrative push is interesting but fundamentally speaking—volume's drying up rn, which is kinda sus for a "breakout" tbh. 0.39 or gtfo imo.
Reply0
just_vibin_onchainvip
· 21h ago
0.39 If the barrier can't be broken, it feels like it's going to crash, and the trading volume has been shrinking for so long.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)