Powerledger Price Analysis: POWR Crypto Set to Smash New Highs

• 1 The POWR token price is down 4.02% in the past 24 hours and was trading at $0.356 at press time.
• 2 The technical indicators signify a bullish outlook above the key EMAs of 50-day and 200-days.

Powerledger is a company which makes softwares for energy markets. It makes use of blockchain to track and trade energy, services and commodities. It wants to make the grid more modern and fair.

Furthermore, it has clients in 11 countries and uses two blockchains and two tokens. The POWR token is a license for businesses to use the powerledger’s platform. The platform offers many products that help with energy trading, flexibility trading and environmental trading. The products are greener than the traditional energy.

The daily POWR/USD chart illustrates a short term consolidation near the recent support and 50-day EMA. The price retested the recent support and is currently hovering above it.

Moreover, the trend analysis showcases that the price persits in a long term positive trend since October 2023. The weekly chart witnessed breakout from a descending triangle pattern post which, the long term trend shifted towards the buyers’ side.

Currently, the price is expected to form higher lows and higher highs. Also, the price hovers above the 50-day and 200-day EMAs, suggesting a bullish outlook.

The volume analysis shows that the trading volume increased by 137.39% and reached $17.566 Million in the past 24 hours. The POWR crypto ranks 359th among the top cryptos with a live market cap of $180.700 Million. The volume-to-market cap ratio is 4.12% indicating low volatility.

Powerledger Price Prediction 2023

Source: POWR/USDT Chart by TradingView

The price prediction of POWR crypto showcases a neutral to bullish outlook in the short term. The most optimistic estimate of the analysts expects the price to reach a high of $0.473, indicating an upside potential of over 33.55%. The pessimistic outlook of the analysts hopes the price may drop to $0.258.

Powerledger Price Prediction 2024

As per the analysts, the most optimistic target that the POWR crypto price may achieve is $0.774; indicating an upside potential of 119.87% from the CMP. The minimum analyst price target is $0.560 by the end of 2024.

Powerledger Price Prediction 2025

Over the next three years, the optimistic view of analysts expects that the POWR coin price may reach a high of $1.125. The price may reach $0.920 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.697.

Powerledger Price Prediction 2026

The Powerledger cryptocurrency price may reach a high of $1.451 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.948 by 2026.

Powerledger Price Prediction 2027

According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Powerledger crypto estimates a price target of $2.171. The minimum price target that POWR may achieve by 2027 is $1.516.

Powerledger Price Prediction 2028

The analysts are optimistic about Powerledger cryptocurrency (POWR) and predict that the price could go up to $2.763 in the next five years. However, the pessimist analysts expect the price to reach a high of $2.022.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Andrew Smith

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.

Source