POWR is nearing a potential breakout as it tests a descending trendline resistance, signaling a shift in market sentiment. The cryptocurrency has been trading within a descending channel since August, characterized by lower highs and lows. However, recent price action shows a consolidation near the lower boundary, suggesting weakening selling pressure and increased buyer activity. On December 28, POWR began forming higher lows and highs, indicating a transition to proactive demand. A strong bullish candle pushed the price toward the upper $0.08 region, with pullbacks remaining shallow, hinting at a possible breakout. Market capitalization data supports this narrative, as POWR's market cap rose from $42 million to $46–$47 million by December 30, reflecting growing investor confidence and capital inflows.
POWR Price Approaches Breakout as Bullish Momentum Builds
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