Powerledger Price Analysis: Will POWR maintain above $0.17


  • Powerledger price analysis is bullish today.
  • Powerledger has a medium term resistance at $0.23.
  • POWR price flashes signs of bullishness on 7-days price chart.
  • Support for the bears has been established at $0.17

22 April 2024 : In this article we will walk you through Powerledger price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Powerledger, Is POWR a good investment? Powerledger support & resistance levels etc. But before diving deep into the POWR technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,437,443,439,232. The total trading volume stands at $62,944,480,861. Bitcoin shares 53.53 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $66,270.32 level after an upward movement of 1.78%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.33 percent reaching to $3,226.07 during the previous 24 hours.
While publishing this blog, BNB traded at $605.56, following a price change of 5.03% within the same time frame. SOL the native coin of Solana is up by 2.73 and currently trading at $154.76. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Powerledger Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Powerledger (POWR)

POWR Resistance Levels POWR Support Levels
Resistance Level 1 $0.21 Support Level 1 $0.17
Resistance Level 2 $0.23 Support Level 2 $0.15
Resistance Level 3 $0.24 Support Level 3 $0.13

Powerledger Performance

POWR has recorded a upsurge, gaining 43.98% in last 24 hours. The current value of Powerledger is hovering at $1.14 with the trading volume of $819,240,961.00 USD in the same timeframe. The overall marketcap for POWR is $581,905,177.00 USD while the coin price changes 194.41% over the week.

Powerledger Price Analysis

POWR price analysis for 22 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Powerledger.

Moving Averages Price Indicator
Simple Moving Average (10) 0.19 Buy
Exponential Moving Average (10) 0.19 Buy
Simple Moving Average (20) 0.19 Buy
Exponential Moving Average (20) 0.19 Buy
Simple Moving Average (50) 0.20 Buy
Exponential Moving Average (50) 0.20 Buy

While POWR’s Williams %R indicator is at -59.208 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. RSI implying consolidation phase while trading at 49 and is trying to break out of the neutrality zone. The MACD line is standing below of the signal line after a crossover. Powerledger investors need to wait for any directional change over the daily chart.

Conclusions

According to our technical analysis data, the short-term forecast for the Powerledger price is mostly bullish at the time of writing. The cryptocurrency Powerledger seems to be on the rise again. A significant return-on-investment (ROI) is predicted if you acquired the currency some time back.