POWER is driven by the positive sentiment towards Bitcoin, with short-term technicals showing momentum for a rebound. However, the 0.098–0.100 range has formed strong resistance with dense trading, making it difficult to break through quickly; the 0.088–0.090 zone below acts as key support, and a break below this could risk a second pullback to 0.083–0.085. It is advised that investors focus on defense at present, exercise caution when chasing highs, and consider a phased approach for mid- to long-term positions if the price stabilizes in the 0.090–0.085 area following a pullback, thereby managing costs and increasing strategic success rate.

From the daily chart, POWER reached a phase low of 0.07604 on April 4, after which bulls quickly filled the gap, surging sharply for five days to 0.09586 with significant volume, and continued oscillatory gains on the 6th and 7th, peaking at 0.10675. Afterwards, price consolidated near 0.093, before falling again to 0.08308 on the 13th. On the 14th, a major downward candle emerged at a high level (highest 0.10478, lowest 0.08627), with trading volume reaching a monthly high, indicating intense buying and selling at this region. On the 16th, it closed at 0.09742, back above the 0.095 area, showing remaining rebound momentum, but bullish and bearish divergence remains evident.

As Bitcoin stands above a key level, surpassing the four-week high, market risk appetite has risen noticeably. This round of Bitcoin gains broke through resistance near its 100-day moving average, triggering volatility in the derivatives market and, in the short-term, encouraging funds to shift from safe-haven assets to high-risk assets, thereby increasing the short-term trading activity of altcoins including POWER.

Combining recent candlestick patterns, the 0.098–0.100 zone forms the primary resistance area, having been tested multiple times without a firm breakthrough and presenting dense trading. Meanwhile, the 0.088–0.090 line serves as short-term support, with the April 14 low of 0.08627 as a secondary defense level. If price stabilizes above 0.098 with sustained volume, there is potential to challenge the 0.104–0.106 highs; if 0.088 is breached again, beware of a renewed dip toward the 0.083–0.085 area.

Although Bitcoin's recent volatility has boosted sentiment, a reversal in this rally will quickly impact the altcoin market, increasing short-term risks. In the medium to long term, POWER still relies on the overall industry fundamentals and ecosystem development. It is recommended to maintain a defensive stance near sentiment highs, wait for price pullbacks and stabilization in the 0.090–0.085 range, and then gradually open medium- and long-term positions to control costs and increase success rate.

Power Protocol

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POWER price today is 0.11, with a live price change of 15.93 in the last 24 hours. Convert, buy, sell and trade POWER on Bybit.

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