- POWR coin price is observing a consolidated momentum on the daily chart after seeing a positive correction. It is trading with a gain of more than 5% in the past 24 hours.
- Technical indicators for Power Ledger suggest a consolidation in price for the future. In contrast, POWR/BTC pair has seen a loss of more than 0.8% in the past 24 hours.
Why Invest In POWR Crypto?
POWR crypto price is observing a correction on the daily chart but can soon see a reversal to a new high in the future. Powerledger price is currently near the value of $0.31 with a gain of more than 5% in the past 24hours. It has an ROI of more than 150% which has benefitted the investors for a long time. It might see an increase in ROI in future. It is a blockchain-based platform which came into existence in May 2016 with the aim to disrupt the global energy industry. It enables local areas to sell and distribute solar power to their neighbors without the use of a middle man. 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. One can invest in Power ledger as per their needs and risk adversity.
Power ledger coin CMC ranking along with the market cap has seen a decline in the past few days. 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 asset price suggests an upside momentum.
POWR Crypto Price Technical Indicators Suggests A Strong Upside Momentum
The weekly technical chart of the POWR coin suggests a consolidated momentum for upcoming weeks. On the daily chart, the POWR coin price is showing a downside momentum. Resistance for the Power Ledger while going upwards can be seen near $0.6 . The support for the asset price in the downside momentum can be seen near $0.3 . The price is trailing below the 50 and above 100 Daily Moving Average. The 50 DMA (RED) line is near $0.35 , making it a temporary resistance for the coin price. One can expect a significant upside trend in the POWR/BTC pair in future.
Conclusion
POWR crypto price has seen significant upside momentum in the past and can see the same in future. .It is currently observing a correction but can soon revert to a new high. POWR/BTC pair can also see a significant rise in upcoming days. An Investor should do their due diligence before investing.
Technical Levels
Major Support:$0.1
Major Resistance:$0.5