I’ve been dissecting the current market structure for $POWER (Power Protocol), and we are witnessing a textbook bearish exhaustion phase following its massive rejection from the $3.56 peak. The price has completely collapsed through the 7, 25, and 99-day Moving Averages, which are now acting as heavy overhead resistance, confirming that the bears are firmly in control. While the current stabilization around $0.08 shows some minor absorption, there is a total lack of recovery volume, suggesting this is merely a pause before further potential downside toward the historical floor.
