#CelebratingNewYearOnGateSquare POWER/USDT, here is a concise technical analysis:
$POWER
1. Market Overview
· Current Price: $1.5304
· 24-Hour Change: -16.18% (Strong bearish momentum)
· 24-Hour Range: High $2.6195 / Low $1.2500 (High volatility)
2. Key Indicators Analysis
Bollinger Bands (20,2)
· Upper Band (UB): 2.2538
· Middle Band (BOLL): 1.1446
· Lower Band (LB): 0.0355
· Analysis: The current price ($1.5304) is trading above the middle band but well below the upper band.
· Implication: The sharp drop from the high suggests the price has broken down from an overextended rally. The wide