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Summary
• Price surged from $0.0914 to $0.0946 amid strong volume in the last 24 hours.
• A bullish engulfing pattern emerged near $0.0921 with confirmed breakout.
• RSI and MACD show positive divergence, suggesting continued momentum.
• Volatility expanded significantly in the last 9 hours.
• Bollinger Bands reflect rising pressure as price nears the upper band.
Powerledger/Tether (POWRUSDT) opened at $0.0914 on 2026-01-12 at 12:00 ET, reached a high of $0.0946, and closed at $0.0946 by 12:00 ET-1 on 2026-01-13. The 24-hour trading volume was approximately 839,576.0, with total turnover of $77,721.41.
Structure & Formations
A bullish engulfing pattern formed around $0.0921–$0.0922, confirming a breakout above a key resistance level. The price then pushed higher, with strong follow-through to $0.0946. The 0.0946 close suggests that the near-term bias has shifted to the upside, with support likely at $0.0921 and resistance at $0.0946–$0.0949. A potential pullback could test the 38.2% Fibonacci retracement at $0.0937.

Technical Indicators
The RSI moved above 50 and approached 60 in the latter part of the day, suggesting growing buying pressure without entering overbought territory yet. The MACD crossed above the signal line and showed a positive divergence with price, reinforcing the bullish momentum. Volatility, as shown by Bollinger Bands, widened significantly in the last 9 hours, indicating heightened interest and potential for further consolidation or a breakout.
Volume & Turnover
Trading volume spiked above 300,000 in the 14:45–15:00 ET block and remained elevated through the afternoon and into the evening. Turnover increased in line with price advances, particularly in the $0.0935–$0.0946 range. This confirms that buying activity was well-funded and not just retail-driven, adding credibility to the recent breakout.
Forward Outlook
The bullish momentum may carry into the next 24 hours, with a potential test of $0.0949 and consolidation around $0.0935–$0.0946 likely. However, a reversal or pullback could occur if the RSI crosses back below 50 or if volume declines sharply. Investors should remain cautious about volatility and avoid overexposure if key support at $0.0921 is retested.
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