Power Protocol (POWER) has plunged 23.5% to $1.48 in the past 24 hours, just one day after reaching its all-time high of $2.30 on February 26, 2026.
The cryptocurrency dropped from its peak of $2.30 to an intraday low of $1.36, representing a 34.7% decline from its all-time high established less than 24 hours ago at 14:10 UTC on Thursday.
Market Impact
The sharp correction has erased $93.6 million from Power Protocol’s market capitalization, which now stands at $311.2 million. The token currently ranks #132 by market cap among all cryptocurrencies.
Trading volume surged to $36.3 million over the past 24 hours as investors reacted to the sudden price movement. The 24-hour trading range stretched from $1.36 to $2.30, highlighting extreme volatility in the token.
Recent Performance Context
Despite today’s decline, Power Protocol remains significantly elevated from recent levels. The token is still up 279% over the past 7 days and has gained an extraordinary 637% over the past 30 days.
The cryptocurrency has surged 1,723% from its all-time low of $0.082463 recorded on December 5, 2025, demonstrating the parabolic rally that preceded today’s correction.
Supply Dynamics
Power Protocol has a circulating supply of 210 million tokens out of a maximum supply of 1 billion POWER, meaning only 21% of the total supply is currently in circulation. The fully diluted valuation stands at $1.48 billion based on the current price.
Technical Analysis
The token has declined 0.29% in the past hour, suggesting continued selling pressure. The rapid reversal from all-time highs typically indicates profit-taking by early investors or a potential breakdown of support levels.
Market observers note that such sharp corrections after parabolic rallies are not uncommon in cryptocurrency markets, particularly for tokens that have experienced triple-digit percentage gains in short timeframes.
What Traders Should Watch
Key support at $1.36 (today’s low) will be critical for bulls to defend. A break below this level could trigger additional selling. Conversely, reclaiming the $2.00 psychological level would signal renewed buying interest.
The high trading volume relative to market cap suggests active participation and could lead to continued volatility in the near term.
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About the Author: Ananya Melhotra
