Power Ledger Price Prediction 2021 — Will POWR Hit $2 Soon?
Power Ledger is a blockchain-based peer to peer energy trading platform. With the help of their token, POWR, users can trade electricity with each other and earn rewards for contributing excess power they generate to the grid.
The power ledger price prediction 2030 is a prediction that the price of POWR will hit $2 soon.
The range of bullish POWR price predictions is $0.8 to $1.79.
If the price of POWR rises over $1.79 in the near future, it might approach $2.
$0.145 is a bearish POWR price forecast for 2021.
This post on the Power Ledger Price Prediction 2021 is solely based on technical analysis. In this post, we’ll go through the main factors that went into our POWR price analysis and forecast.
Power Ledger (POWR) is a blockchain-based digital currency and energy trading company established in Australia that enables for decentralized renewable energy selling and purchasing. The platform, on the other hand, gives customers access to a wide range of energy markets across the world and is designed to scale to different energy infrastructures and laws.
The cryptocurrency trades on exchanges such as Binance, Huobi Global, Upbit, HitBTC, and Bithumb for interested crypto traders.
Is POWR a smart investment in 2021, given these recent developments? In this POWR price analysis 2021 post, we’ll discover out.
Price Analysis of the Power Ledger (POWR)
POWR is now ranked 176th on CoinGecko. Will recent improvements to the blockchain and its governance, however, help to propel the price higher? In this POWR price forecast article, we’ll look at the charts.
Price Chart of POWR/USDT with Ascending Channel Pattern (Source: TradingView)
The Ascending Channel pattern may be seen in the monthly time frame chart above. The price movement that occurs between two upward sloping parallel lines is known as an ascending channel. In addition, the chart shows higher highs and lower lows. This pattern also suggests a short-term bullish trend.
RSI POWR/USDT (Image courtesy of TradingView)
Meanwhile, the POWR’s relative strength indicator (RSI) has already reached overbought territory. As a result, traders must be cautious since, as illustrated in our Power Ledger price forecast, POWR may spark a price reversal at any moment.
At the time of writing, the POWR price was $0.55 on CoinGecko. In terms of market capitalization, POWR has a market value of about $245,602,133. POWR also has a daily trading volume of approximately $38,839,662 on average.
Price Chart for POWR/USDT (Source: TradingView)
$0.81 is the first level of resistance.
$1.305 is the second level of resistance.
$1.79 is the next level of resistance.
Level 1 Support – $0.35
Level 2 Support – $0.14
The graph above depicts POWR’s strong performance during the past several days. POWR has been trending upwards. POWR, on the other hand, will sprint with the bulls if the trend continues, passing its $1.305 resistance level and climbing higher to $1.79.
In contrast, if bitcoin investors turn against it, the bears may seize control. Furthermore, the POWR price may drop to almost $0.14, indicating a negative warning. Furthermore, if investors determine that POWR is a solid investment in 2021, it may potentially reach $2.
In addition, the initiative seems to be promising. It also has lofty objectives, a clear purpose, and a use case that appeals to a wide audience. POWR is likely a good investment for 2021, with growing acceptance, favorable pricing forecasts, and a network of thousands of merchants.
Disclaimer: The writers’ opinions in this chart are entirely their own. It should not be construed as investment advice.
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The chainlink price prediction is a question that many people have been asking. It seems like POWR has great potential and could be worth $2 soon.