- POWR coin price is seeing a bullish momentum on the daily chart. It can see a 5X gain in the upcoming days.
- Technical indicators for Power Ledger suggests an uptrend in price in the future. In contrast, POWR/BTC pair is seeing a gain of 9% in the intraday session
Why Invest In POWR Coin?
POWR coin price is currently trading near the value of $0.1427 with a gain of 13% in the intraday session. It has an ROI of more than 150% which is less than its competitors in the market. It might see an increase in ROI in the upcoming days. It is a blockchain-based platform which came into existence in May 2016 with the goal of disrupting the global energy industry. It enables local areas to sell and distribute solar power to their neighbors without the help of middlemen. It runs on the Ethereum network as a peer to peer exchange platform. Power ledger combines solar power energy with blockchain platform to give cheaper energy. The founders of power ledgers are Dr. Jemma Green, Dave Martin, John Bulich and Jenni Conroy. Power ledger coin is currently seeing a bullish trend and can rise to the new levels.
Power ledger coin has a market capitalization of $144,474,364 and is currently ranked 351 in the CMC. The volume of the asset price has also seen an increase of 86% on the intraday time frame. Volume to market capitalization ratio of the coin also hints towards an uptrend.
Technical Indicators Suggests An Uptrend In The POWR Coin Price
The weekly technical chart of the coin suggests an uptrend in the token price for upcoming days. On the daily chart, the POWR coin price is showing strength for the moon. Resistance for the coin price while going upside can be seen near the value of $0.3 . The support for the asset price can be seen near the value of $0.08 . The price is trailing below the 50 and 100 Daily Moving Average.. The 50 DMA (RED) line is near $0.26 , making it a temporary resistance for the asset price. One can expect a significant move in the POWR/BTC pair in the future.
Conclusion
POWR coin is up by more than 300% from last year’s trading price.It is currently seeing a bullish trend and can continue the same in upcoming days. POWR/BTC pair can also see a significant gain in upcoming days. An Investor should do their due diligence before investing.
Technical Levels
Major Support:$0.08
Major Resistance:$0.3
