Market Overview for Powerledger/Tether (POWRUSDT) on 2026-01-18

Summary
• Price surged from $0.0943 to $0.0972 on strong volume, with a bullish breakout above key resistance.
• RSI showed momentum acceleration near overbought levels, suggesting possible short-term exhaustion.
• Bollinger Bands widened, indicating rising volatility with price near the upper band.
• A bullish engulfing pattern formed at $0.0955, adding short-term bullish bias.
• Turnover surged to $17.36M, confirming strength behind the upward move.

Market Overview

Powerledger/Tether (POWRUSDT) opened at $0.0943 on 2026-01-17 12:00 ET, hit a high of $0.0972, a low of $0.0943, and closed at $0.0968 on 2026-01-18 12:00 ET. Total volume was 1,125,688.0 units, with $17.36 million in notional turnover over 24 hours.

Structure & Formations

A bullish engulfing pattern emerged near $0.0955, suggesting a short-term reversal. Price has since broken above a prior resistance at $0.0961, with a 20-period 5-min moving average now in buy territory. On the daily chart, the 50-period MA appears to offer support near $0.0945, with the 200-day MA around $0.0930 potentially providing a base for a longer-term rally.

Moving Averages

The 20-period and 50-period 5-min moving averages are aligned higher, supporting the bullish bias. On the daily chart, the 50-period MA is above the 100 and 200-period MAs, signaling a medium-term bullish setup.

MACD & RSI

The 5-min MACD turned positive with a strong upward crossover, confirming recent buying pressure. RSI climbed into overbought territory near 70, suggesting possible short-term profit-taking or consolidation.

Bollinger Bands

Bollinger Bands expanded significantly during the move up, with price staying near the upper band for much of the session. This suggests elevated volatility and aggressive buying. A consolidation phase may be ahead if price fails to hold above the 20-period MA.

Volume & Turnover

Volume surged during the key breakout at $0.0961, with a sharp increase in turnover confirming the move. No major divergence between price and volume was observed, supporting the bullish narrative.

Fibonacci Retracements

The recent 5-min rally from $0.0943 to $0.0972 aligns with a 61.8% Fibonacci retracement near $0.0961. A pullback to $0.0955–$0.0956, a 38.2% level, could offer a key support zone.

The sharp move up may continue if buyers remain aggressive, with resistance now at $0.0972–$0.0975. However, profit-taking or consolidation could push price toward the 38.2% retracement level. Investors should monitor the 20-period MA and volume for signs of waning momentum.