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

• Price declined from 0.1551 to 0.1475, forming bearish momentum with key support at 0.1490–0.1475.
• Overbought RSI reversed to oversold, indicating exhaustion in the downward move.
• Volume surged during the 0.1490–0.1475 decline, confirming bearish conviction.
• Bollinger Bands show expanding volatility, with price near the lower band.
• A potential bullish rebound may test the 0.1500–0.1503 level on reversal setups.

The Powerledger/Tether (POWRUSDT) pair opened at 0.1525 on 2025-10-03 at 12:00 ET and closed at 0.1490 at the same time on 2025-10-04. The 24-hour high was 0.1551, while the low was 0.1475. Total volume amounted to 1,878,870, and notional turnover reached approximately USD 281,824. Price has shown a bearish bias throughout the period, forming several key patterns and testing multiple support levels.

Structure & Formations

The price action over the 24-hour period revealed a strong bearish bias, with a notable decline from 0.1551 to 0.1475. This move included a bearish engulfing pattern at the high of 0.1551 and a strong bearish trend continuation. Key support levels emerged at 0.1500–0.1490 and 0.1475–0.1485, with the latter showing consolidation after a sharp drop. A doji formed at 0.1490, suggesting indecision and potential for a reversal. Price appears to have bottomed around 0.1475, indicating possible short-term stability.

Moving Averages

Short-term moving averages (20/50) on the 15-minute chart showed bearish divergence, confirming the downward trend. The 20-period MA dipped below the 50-period MA, forming a death cross. On the daily chart, the 50, 100, and 200-period MAs aligned bearishly, with the 50 MA crossing below the 100 and 200 MAs. This reinforces the bearish momentum and suggests further downside could be in play unless a strong reversal is triggered.

MACD & RSI

MACD was in negative territory with a bearish crossover, confirming the downward move. The RSI moved into oversold territory (around 25) after a sharp decline, indicating possible exhaustion in the bearish move. A reversal could see RSI rebounding above 40, potentially triggering a short-term bounce. Momentum is currently weak, but the oversold condition may set the stage for a countertrend rally.

Bollinger Bands

Volatility expanded significantly during the decline, with price reaching the lower Bollinger Band near 0.1475. This expansion suggests a period of high volatility and potential for a mean reversion. Price has tested the lower band multiple times, with the last test showing some consolidation. If the 0.1490–0.1500 zone holds, it may indicate a temporary floor, with the bands tightening expected as volatility stabilizes.

Volume & Turnover

Volume spiked during the sharp decline from 0.1551 to 0.1475, particularly in the hour between 08:00 and 09:00 ET, where volume reached 61,306. This high volume confirmed the bearish breakdown. Turnover also increased during this phase, suggesting strong bearish conviction. However, volume during the consolidation phase from 0.1475 to 0.1490 was relatively muted, indicating a potential pause in the bearish move.

Fibonacci Retracements

Applying Fibonacci retracements to the major swing from 0.1551 to 0.1475, key levels include 61.8% at 0.1500 and 38.2% at 0.1493. Price has consolidated around the 0.1490–0.1500 area, suggesting the 38.2% and 61.8% levels are key for potential short-term direction. A break above 0.1500 could indicate a return to higher levels, while a retest of the 0.1475 level may confirm bearish continuation.

Backtest Hypothesis

If a backtesting strategy were to be applied, it might look for a reversal setup around the 0.1490–0.1500 level on a bullish breakout. The combination of oversold RSI, a bearish trend exhaustion, and Fibonacci support levels could serve as a trigger. A long entry could be placed at the close above 0.1500 with a stop loss below 0.1485. This would align with the observed price structure and technical indicators discussed above. Given the recent volatility, this setup could offer a favorable risk-reward ratio.