Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
POWR Price Breakout Nears as Trendline Test Sparks Fresh Bullish Momentum
POWR price breakout is drawing attention as price action shifts from prolonged decline toward early recovery signals. Technical structure, momentum behavior, and market cap data suggest growing buyer participation while key resistance levels remain under close watch.
POWR Price Tests Descending Trendline Resistance
POWR price breakout discussions intensified after World Of Charts shared a technical update on social media. The analyst noted that POWR is testing its descending trendline, with a potential move toward the $0.13–$0.14 region if a breakout holds.
For several months, POWR traded within a well-defined descending channel. Lower highs and lower lows dominated price action, reflecting steady seller control since August.
Repeated rejections near the channel’s upper boundary reinforced the bearish structure . Recent price behavior near the lower channel boundary changed that tone.
Instead of a sharp breakdown, POWR compressed into a narrow range. This consolidation suggested that selling pressure was weakening as buyers began absorbing supply.
Short-Term Structure Shows Early Momentum Shift
On lower timeframes, POWR moved sideways around the mid-$0.07 range for several sessions. A balance between buyers and sellers brought limited volatility and muted conviction across the market.
December 28 is when the price began forming higher lows and higher highs. The structure marked a transition from reactive buying to proactive demand. A strong bullish candle pushed the price toward the upper $0.08 region.
Source: X
Pullbacks following the impulse remained shallow and orderly. Price held above former resistance, suggesting a possible role reversal into support. This behavior aligns with early breakout conditions rather than a temporary relief rally.
Market Cap Growth Supports POWR Price Breakout Narrative
Market capitalization data over the past seven days adds confirmation to the POWR price breakout narrative. Between December 24 and 26, market cap remained range-bound between $40 million and $42 million.
Source: X
From December 27 onward, the market cap broke above $42 million and began forming higher highs. This upward structure pointed to increasing capital inflows and improving sentiment among participants.
By December 30, the market cap briefly reached the $46–$47 million zone, supported by increased volume. The pullbacks during this rise remained controlled, indicating profit-taking rather than distribution. This alignment between price structure and market cap supports the ongoing breakout attempt.