Market Overview for Powerledger/Tether (POWRUSDT) on 2025-10-04

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• Powerledger/Tether (POWRUSDT) edged lower over the past 24 hours, closing near a key support level with mixed momentum.
• Price tested key support at 0.1515–0.1518 before consolidating, while volume surged in the afternoon ET.
• RSI remained in neutral territory, suggesting no immediate overbought or oversold conditions.
• Bollinger Bands reflected tightening volatility in the final hours, hinting at a potential breakout.

24-Hour Summary and Price Context

Powerledger/Tether (POWRUSDT) opened at 0.1525 on 2025-10-03 at 16:00 ET, reached a high of 0.1551, and closed at 0.1518 on 2025-10-04 at 12:00 ET. The pair dipped to a 24-hour low of 0.1513. Total volume over the 24-hour period was 1,013,253, while notional turnover amounted to approximately $155,279. The price action reflected a gradual decline with a short-lived rally in the early hours.

Structure & Formations

Price formed a bearish engulfing pattern at 0.1537–0.1531 and a long lower shadow at 0.1518–0.1520, suggesting buying pressure at key support levels. A significant bearish trend began at 17:15 ET with a high of 0.1539 and a close of 0.1539, followed by a bearish reversal at 18:00 ET, where price fell to 0.1518. A potential support zone emerged around 0.1515–0.1518, with volume increasing as price approached the lower end.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price in the afternoon, reinforcing the bearish momentum. Daily moving averages (50/100/200) remained above the current price, indicating the pair is still in a short-term bear phase but not yet deep into a long-term downtrend.

MACD & RSI

The MACD line remained below the signal line, with a bearish crossover observed at 18:00 ET, reinforcing the downward trend. RSI hovered around the neutral zone of 50 for most of the day, failing to show signs of exhaustion. However, a brief pullback toward 0.1518 pushed RSI down to 35, suggesting oversold territory could be near.

Bollinger Bands

Bollinger Bands reflected a period of tightening volatility in the final hours of the 24-hour window, with price closing near the lower band at 0.1518. The contraction could precede a breakout or continuation of the bearish trend. The band width reached its lowest point after 01:00 ET, suggesting a period of consolidation ahead of a potential reversal or further decline.

Volume & Turnover

Volume spiked significantly at 17:15 ET and again at 18:00 ET, with price falling by nearly 0.1513 in a single 15-minute candle. The 18:00 candle alone accounted for nearly 150k volume (15,007) and 2.3k turnover. This volume confirmed the bearish move, while the final hours showed reduced volume and consolidation. No major price-turnover divergence was observed, suggesting volume supported the price action.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.1539 to 0.1513, the 38.2% level at 0.1526 and the 61.8% level at 0.1520 were key psychological levels. Price briefly tested 0.1522 but failed to hold it, suggesting the 0.1515–0.1518 area could be the next critical level for a potential bounce or break.

Backtest Hypothesis

A potential backtesting strategy could involve a mean-reversion approach triggered by RSI dips below 35 and Bollinger Band contractions below 2.5% width. A long entry could be placed at 0.1515 with a stop-loss at 0.1510 and a target at 0.1525. This approach aligns with the observed price behavior and volatility patterns, with volume confirming the likelihood of a bounce.