Market Overview: Powerledger/Tether (POWRUSDT) – 2025-10-03

• POWRUSDT traded higher over the 24-hour window, closing near its intraday high.
• Bullish momentum emerged mid-day, with a 0.7% rebound from a bearish 15-minute candle.
• Volatility remained moderate, with price staying within a defined range of 0.1482–0.1537.
• Volume surged near the close, suggesting potential accumulation ahead of the next move.
• RSI and MACD aligned with the uptrend, indicating confirmed buying pressure.

The Powerledger/Tether (POWRUSDT) pair opened at 0.1482 on 2025-10-02 at 12:00 ET, rose to a high of 0.1537, and closed at 0.1536 at 12:00 ET on 2025-10-03. Total trading volume reached 369,842.0, and notional turnover amounted to approximately 56,355.12 USD.

Structure & Formations

Price action over the 24-hour period showed a distinct bullish reversal pattern from a bearish candle at 16:45 ET on October 2. A 15-minute bearish candle with a long upper wick formed at 18:45 ET, followed by a bullish candle at 19:15 ET that closed near the high of 0.1519. This suggests rejection of lower prices and potential accumulation. Key support levels appear to be forming at 0.1492–0.1498, while resistance has emerged around 0.1515–0.1526.

Moving Averages

Short-term moving averages (20/50-period) on the 15-minute chart have been ascending, supporting the bullish bias. The 50-period moving average crossed above the 20-period line in the early hours of October 3, forming a potential golden cross. On the daily chart, the 50/100/200-period SMAs suggest a consolidating pattern, with no clear trend yet established.

MACD & RSI

The MACD line crossed above the signal line around 19:30 ET, confirming the recent bullish momentum. RSI rose above 50 in the late afternoon and peaked at 61, indicating moderate bullish pressure without entering overbought territory. A potential pullback may occur if RSI remains above 60 for extended periods, suggesting caution for aggressive longs.

Bollinger Bands

Volatility expanded slightly in the last 6 hours of the 24-hour period, pushing price toward the upper band between 0.1526 and 0.1537. The middle band sat at approximately 0.1516, suggesting a moderate bias toward continuation of the current uptrend. A breakout beyond 0.1537 could trigger a test of the 0.1545 level.

Volume & Turnover

Volume surged between 15:45 and 16:00 ET on October 3, with a 15-minute candle at 16:00 ET showing 25,755 units traded at a price of 0.1536. Notional turnover increased by over 50% in the same period, confirming the strength of the bullish move. Divergence between volume and price was not observed, indicating alignment between buying pressure and price movement.

Fibonacci Retracements

Applying Fibonacci levels to the most recent 15-minute swing from 0.1492 to 0.1537, the 38.2% level sits at 0.1519, which was tested and rejected. The 61.8% level is at 0.1529, which may act as a next key resistance. On the daily chart, retracement levels from the previous 5-day swing suggest 0.1520 as a potential target for consolidation or reversal.

Backtest Hypothesis

The proposed backtesting strategy involves entering long positions on a bullish engulfing pattern confirmation, with a stop-loss placed below the recent swing low and a take-profit aligned with the 61.8% Fibonacci level. Based on today's data, such a strategy would have entered around 0.1519–0.1521, with a stop below 0.1505 and a target near 0.1530–0.1535. The current price action aligns with the assumptions, suggesting potential for a successful trade if the bullish momentum holds.