$POWER showed a strong intraday performance, grinding higher throughout the 24-hour session after starting near the mid-$0.25 region. Momentum built steadily into the afternoon, suggesting controlled accumulation rather than an impulsive spike. That steady climb eventually transitioned into a sharper rally, briefly pushing price into the mid-$0.40s before supply stepped in aggressively.
The rejection from that area triggered a healthy pullback rather than a full unwind. Since the spike, price action has shifted into a more range-bound structure, with $POWER oscillating around the high-$0.30 zone as the market attempts to establish a new equilibrium. This behavior typically reflects short-term profit-taking while dip buyers remain active, keeping price well above the session’s starting levels.
From a structure perspective, the trend remains constructive as long as price holds above the prior consolidation base near the low-$0.30s. Volatility remains elevated, which is expected after a sharp expansion phase, but the fact that gains are being defended suggests underlying demand is still present. That said, short-term direction remains uncertain until price either reclaims the mid-$0.40 resistance with conviction or breaks back below support, which would signal deeper consolidation.
In short, $POWER is digesting a strong move. The market is deciding whether this was a one-off volatility event or the beginning of a broader continuation leg.
