🪙 $POWER Token Alert: $3.1787K Short Liquidation Ignites $0.35644 Rally
POWER token just experienced a massive short liquidation of $3.1787K at $0.35644, triggering a sharp upward surge and catching traders’ attention. The liquidation highlights that bearish positions couldn’t hold as buying momentum surged, pushing the token through key resistance levels. The recent chart shows POWER breaking above $0.354–$0.355 with a noticeable spike in trading volume, confirming strong market participation. The Relative Strength Index (RSI) is climbing toward 69, signaling strong bullish momentum while nearing overbought territory. The MACD line has crossed above the signal line, reinforcing the short-term upward trend and suggesting potential continuation if buying pressure remains. On-chain metrics reveal accumulation by mid-to-large holders around the $0.355–$0.356 zone, hinting at solid support for further gains. Bollinger Bands have widened, reflecting heightened volatility and the potential for sharp swings. Immediate support levels now sit at $0.354 and $0.352, while resistance could form near $0.358–$0.36 if momentum persists. This short squeeze underscores POWER’s dynamic market activity, presenting both opportunities and caution for traders as the market digests forced liquidations and positions itself for the next move.
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