PowerLedger Technical Analysis: POWR Bulls Set Sight on $0.32

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PowerLedger Technical Analysis: POWR Bulls Set Sight on $0.32

PowerLedger is up 16 percent in the past 24 hours, expanding on rising trading volumes. At spot rates, POWR bulls may target June 2022 highs.

Past Performance of PowerLedger

The PowerLedger coin is up double digits at press time, adding roughly 16 percent versus the USDT. From the daily chart, POWR token bulls are in control, tearing higher at the back of high trading volumes. Based on the current setup, buyers might find loading opportunities and ride the rising bull tide.

PowerLedger Technical Analysis

 POWR token prices are edging higher when writing. As per the formation in the daily chart, bulls have the upper hand from an effort versus results perspective. Specifically, POWR crypto prices are increasing, reversing losses from June 12 to 13 with rising trading volumes. Since prices are above the flexible resistance line, now support, and participation is expanding, traders may buy the dip. This preview is valid from an effort versus results perspective. In this regard, the first buy target is at June 2022 highs at $0.32 and holds, provided the PowerLedger coin is above $0.22.

What to Expect from POWR?

From the POWR technical analysis, buyers are in control following the break above the 20-day moving average. PowerLedger could print higher in the days ahead if prices are above $0.22.


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