Market Overview: Powerledger/Tether (POWRUSDT) – 24-Hour Analysis

• Powerledger/Tether (POWRUSDT) rose from $0.1613 to $0.1666 in 24 hours, showing a bullish trend with strong buying pressure late in the session.
• The price formed a bullish engulfing pattern near the close, suggesting a short-term reversal and momentum shift to the upside.
• RSI remains in neutral territory (45–55), while MACD shows a positive divergence with a narrowing histogram, hinting at potential acceleration in price.
• Volatility increased significantly in the evening, with large volume spikes confirming the upward move, particularly in the 22:00–05:00 ET range.
• Bollinger Bands expanded during the rally, indicating a breakout phase, with price closing near the upper band, suggesting continued strength.

Opening, High, Low, Close & Turnover

Powerledger/Tether (POWRUSDT) opened at $0.1613 on 2025-09-17 12:00 ET and reached a high of $0.1666 ahead of the 12:00 ET close on 2025-09-18. The 24-hour range extended to a low of $0.1601. Total volume was approximately 1,402,399 contracts, with notional turnover exceeding $228,143, indicating strong participation during the price rally.

Structure & Formations

The price action over the past 24 hours exhibited a strong bullish tilt. Key support levels were identified at $0.1611 and $0.1605, which held during earlier pullbacks but failed to prevent a strong upward recovery. Resistance levels at $0.1655 and $0.1663 were tested multiple times, with the latter acting as a dynamic level that was broken and held during the final hours of the session. A bullish engulfing pattern formed at the close, confirming the continuation of the upward trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish, with the price trading above both. This supports the view of a short-term uptrend. On the daily chart, the 50-period MA is below the 100-period and 200-period lines, suggesting a longer-term base of accumulation is still in place.

MACD & RSI

MACD remains in positive territory with a narrowing histogram, indicating that the momentum may be stabilizing. RSI is in the 45–55 range, suggesting the pair is not yet overbought. A slight positive divergence between price and RSI in the evening hours implies a potential for further upward movement in the short term.

Bollinger Bands

Volatility expanded notably in the late evening hours, with the upper Bollinger Band reaching $0.1671. The price closed near the upper band, signaling a breakout that is supported by both volume and price action. This suggests the trend is gaining strength and may continue unless faced with strong resistance above $0.1665.

Volume & Turnover

Volume spiked significantly between 20:00 and 05:00 ET, especially around the $0.1650–$0.1665 range, confirming the price rally. Notional turnover also rose during these periods, indicating strong institutional or large-cap buyer interest. No significant price-turnover divergence was observed, reinforcing the bullish signal.

Fibonacci Retracements

Fibonacci retracement levels were drawn from the recent low of $0.1601 to the high of $0.1666. The 61.8% retracement level is at $0.1636 and was previously a minor resistance. The 38.2% level ($0.1633) appears to have been a minor support. Price moved above both levels in a strong rally, suggesting that the next key Fibonacci level at $0.1673 could be the next target.

Backtest Hypothesis

A potential backtesting strategy for this pair could focus on breakout trading using the upper Bollinger Band as a trigger, with stops placed just below key Fibonacci levels. Given the strong volume and confirmation from MACD and RSI, the strategy would likely incorporate a 1.5–2% trailing stop once a breakout is confirmed. This approach aligns well with the observed behavior of the 2025-09-17–18 rally and could be effective in capturing momentum moves on the 15-minute chart.