PLUG: accumulation turning into breakout fuel

Plug Power is slowly emerging from a long downtrend, building an accumulation structure after a trendline breakout. On the 4H chart, price is consolidating around 1.55–1.60 and gaining momentum. The first upside target is 1.90, where buyers will be tested. A strong breakout could open the way toward 2.90, where major resistance and higher volumes are located.

EMAs are starting to turn upward, confirming a potential trend change. The volume profile highlights strong interest around the current range, supporting the bullish case. The outlook remains positive as long as price holds above the 1.50 zone.

Fundamentally, Plug Power remains in focus with ongoing hydrogen energy projects. While the renewable sector faces macro pressures, improved demand and positive company news could act as catalysts for further growth.