POWER/USDT (Perp) – Short-Term Technical Analysis (15m)
Power Protocol ($POWER
) is showing extreme volatility, currently up +46.55% for the day. The price is trading around 0.35045, currently recovering from a local dip to 0.34595.
Trend: On the 15-minute timeframe, the price is currently trading below the MA60 (0.35936). The MA60 is sloping downward, indicating that the immediate momentum is bearish as the asset consolidates after its massive daily pump.
Support/Resistance: The immediate local support is at 0.34595, while the 24h high of 0.41587 remains the primary resistance target.
Volume: Volume has decreased compared to earlier peaks, suggesting a period of consolidation or "cooling off" after the initial explosive move.
🎯 Trade Setup (High-Volatility Scalp)
Entry Zone (Buy on Support): 👉 0.3450 – 0.3500
Take Profits:
TP1: 0.3650 (Reclaiming MA60 level)
TP2: 0.3820 (Mid-point to recent high)
TP3: 0.4050 (Near 24h peak)
TP4: 0.4300 (Price discovery zone)
Stop Loss: ❌ 0.3350 (Below recent structure and daily consolidation)
$POWER: Massive +46% Move—Retest or Reversal? ⚠️🚀
Power Protocol ($POWER) is leading the market today with a major spike, though it's currently facing resistance at the 0.3600 mark. The price is testing the 0.3450 support level after pulling back from its daily high of 0.4158.
If $POWER can hold above 0.3450, we could see a secondary rally attempting to reclaim the 0.4000 psychological barrier. However, trading below the MA60 suggests caution is needed for long positions. Watch for a volume-backed breakout above the MA to confirm the next leg up.
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$POWER $POWERUSDT
