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Is $POWER finally waking up or is this just another trap?
Looking at the daily chart, it’s been flatlining for weeks after that massive crash from the $2.00+ levels. It’s basically been a ghost town, but we’re starting to see a tiny bit of green today, up about 8%.
The price is hugging the bottom at 0.099. Usually, when a chart looks this dead for this long, it’s either going to zero or building energy for a relief bounce. Volume is still pretty low, so there's no real conviction from the big players yet.
Resistance is sitting way up at 0.50, so there's a lot of empty space above us if it actually starts moving. But honestly, without a major volume spike, this is just noise.
I’m watching the 0.10 level closely. If we can flip that and hold it, maybe we see a small run. Otherwise, it's just more sideways pain. Stay sharp.
#GateSquareAprilPostingChallenge