Market Overview for Powerledger/Tether (POWRUSDT) on 2025-09-20

• POWRUSDT closed higher after a volatile 24-hour session with a range of 0.1575–0.1617.
• Price formed bullish engulfing patterns late in the session, signaling potential reversal.
• RSI showed overbought conditions near the 70 level, suggesting possible near-term profit-taking.
• Volume spiked at key turning points, confirming the strength of recent price moves.
• Bollinger Bands widened significantly during the midday rally, indicating rising volatility.

Powerledger/Tether (POWRUSDT) opened at $0.1585 at 12:00 ET–1 and reached a high of $0.1617 before closing at $0.1594 at 12:00 ET on 2025-09-20. The 24-hour trading range was between $0.1575 and $0.1617, with a total volume of 1,014,790.0 and turnover of $157,255.37. Price tested key levels and formed several notable patterns, indicating a possible shift in short-term sentiment.

Structure and formations on the 15-minute chart revealed key support levels at $0.1585 and $0.1575, while resistance emerged at $0.1602 and $0.1617. A bullish engulfing pattern formed around 14:45–15:00 ET, confirming a short-term reversal. A doji at $0.1592 also indicated indecision near the $0.1595 level. These patterns suggest that buyers are stepping in after significant selling pressure in the afternoon.

Moving averages on the 15-minute chart showed price testing the 20-period and 50-period lines, with a crossover near $0.1590 at 11:30 ET. On the daily chart, the 50-period line is at $0.1596, while the 200-period is at $0.1582, with price currently above both. This indicates a bullish bias in the medium term, with potential for further upside if the $0.1605 level is taken out.

MACD crossed above zero at 07:00 ET and remained bullish, with a histogram expansion from 07:45–10:00 ET, signaling strong momentum. RSI reached overbought territory near 70 at 15:15 ET, suggesting near-term profit-taking. Bollinger Bands widened during the midday rally and have since contracted, indicating a period of consolidation. Price currently resides near the middle band, suggesting potential for a breakout in either direction.

Backtest Hypothesis

The provided backtesting strategy suggests a bullish pattern triggered by a bullish engulfing formation followed by a close above the 20-period moving average. In this 24-hour session, a bullish engulfing pattern was observed at 14:45–15:00 ET, and price closed above the 20-period line shortly thereafter. This aligns with the strategy’s entry criteria. Additionally, the MACD and RSI confirmed positive momentum during the same window. A hypothetical long entry at 15:15 ET would have captured the subsequent rise in price. The strategy’s exit criteria are based on a trailing stop below key support at $0.1590. Given the current price action and volume confirmation, this pattern may represent a viable trade opportunity for short-term traders.