Market Overview for Powerledger/Tether (POWRUSDT)

Summary
• Price advanced from 0.0901 to 0.0926 on 5-minute swings, with a bullish engulfing pattern at 0.0913–0.0921.
• RSI hit 64, suggesting moderate momentum, while Bollinger Bands widened, signaling rising volatility.
• Volume spiked to 50279 at 17:00 ET, aligning with a pullback to 0.0911 but showing no clear divergence.

Powerledger/Tether (POWRUSDT) opened at 0.0901 on 2026-01-05 12:00 ET, reached a high of 0.0947, touched a low of 0.0905, and closed at 0.0911 by 12:00 ET on 2026-01-06. Total volume was 982,634.0, and turnover stood at 88,990.12.

Structure & Formationsa detailed 5-minute price chart of POWRUSDT showing a bullish engulfing pattern between 0.0913 and 0.0921, with clear support at 0.0911 marked by a consolidation phase after a sharp upward move
The 5-minute chart showed a bullish engulfing pattern forming between 0.0913 and 0.0921 during the overnight session, indicating a potential reversal. A key support level emerged at 0.0911, where price found a floor after a sharp rise and subsequent consolidation.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages converged in the 0.0908–0.0910 range, suggesting a narrowing equilibrium. The 200-period daily MA sits near 0.0905, offering a medium-term reference but not yet acting as a barrier.

MACD & RSI

The MACD line crossed above the signal line at around 0.0924, reflecting a shift in momentum toward the bullish side. RSI rose to 64, indicating moderate buying pressure, though it has not yet entered overbought territory.

Bollinger Bands

Volatility expanded sharply between 03:00 and 14:00 ET, with price frequently touching the upper band. This suggests a period of increased speculative activity and may hint at a continuation of the upward move.

Volume & Turnover

Volume reached its highest at 17:00 ET with a 50279 trade count, coinciding with a pullback to 0.0911, but no significant price-turnover divergence was observed. Turnover remained in sync with volume, suggesting strong conviction in price direction.

Over the next 24 hours, a break above 0.0928 could attract more buyers and test the 0.0934 resistance. Traders should monitor the 0.0911 support level for signs of a potential reversal or breakdown. As always, sudden market shifts or broader macro events could disrupt this pattern.