Summary
• Price formed a bearish 5-minute engulfing pattern near 0.0902, signaling potential short-term reversal.
• Volatility expanded overnight with a 0.0035 range, but volume spiked only in the early morning session.
• RSI remains in neutral territory (~50), with no clear overbought or oversold signals in 24 hours.
• Bollinger Bands widened after 01:00 ET, reflecting increased uncertainty in price direction.
Powerledger/Tether (POWRUSDT) opened at 0.0900 on 2025-12-10 at 12:00 ET, hit a high of 0.0928 and a low of 0.0861, and closed at 0.0872 on 2025-12-11 at 12:00 ET. Total volume was 2,125,125.0, with notional turnover of approximately $190,000.
Structure and Formations
Price action on the 5-minute chart showed a clear bearish engulfing pattern near 0.0902 in the afternoon, followed by a gradual breakdown below key support levels. A 0.0871–0.0873 consolidation zone emerged overnight, suggesting a temporary balance before the next move.
Volume and Momentum
Volume spiked early in the morning
(03:15–03:45 ET) and again in the afternoon (14:15–15:00 ET), coinciding with price retests of 0.0872–0.0873. MACD remained in a neutral range, with no clear bullish or bearish divergence. RSI fluctuated between 40–60, indicating a lack of strong directional bias.
Volatility and Bollinger Bands
Bollinger Bands expanded during the overnight session, reflecting increased volatility. The 20-period (5-min) upper band reached as high as 0.0916, while the lower band dropped to 0.0877. Price hovered near the mid-band in the final hours, suggesting indecision ahead.
Forward-Looking Perspective
If the 0.0871 support level holds, a potential bounce toward 0.0876–0.0879 could follow. However, a break below 0.0870 may accelerate the decline toward 0.0865, with volume likely to confirm or refute the move. Investors should monitor for confirmation in the next 24 hours and be cautious of thin liquidity zones
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