Market Overview for Powerledger/Tether (POWRUSDT)

• Price declined from 0.1728 to 0.1705, ending near the session low
• Volume surged in the late evening before tapering off during early hours
• RSI and MACD showed bearish momentum but no overbought/oversold signals
• Bollinger Bands indicate moderate volatility with price near the middle band
• No decisive reversal patterns formed, but consolidation near key support is notable

24-Hour Summary

Powerledger/Tether (POWRUSDT) opened at 0.1705 on 2025-09-13 at 12:00 ET and reached a high of 0.1728 before closing at 0.1705 on 2025-09-14 at 12:00 ET. The pair traded between 0.1684 and 0.1746 over the past 24 hours. Total volume reached 551,882.0, with a notional turnover of $91,424.34 (assuming average price of ~0.1705).

Structure & Formations

The 15-minute OHLCV data shows a bearish bias over the last 24 hours, with price testing a key support level around 0.1705. A consolidation phase appears to be forming near this level, with multiple candles forming near the 0.1704–0.1709 range. While no decisive reversal candlestick patterns like bullish engulfing or harami have formed, the price appears to be finding support at 0.1705, suggesting possible short-term buyers entering the market. A doji-like formation is visible at 0.1709, indicating indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with the 20SMA crossing below the 50SMA early in the session. On the daily chart, the 50-day, 100-day, and 200-day moving averages are broadly aligned, with the price currently trading slightly below the 50DMA. This suggests that the intermediate-term bias remains bearish, with no clear sign of a reversal in sight.

MACD & RSI

The MACD remains in negative territory with bearish divergence forming in the final hours of the session. The RSI, while not indicating overbought or oversold conditions, is trending downward, reflecting a lack of upward momentum. The pair may remain under pressure unless the RSI breaks above 50 and the MACD turns positive.

Backtest Hypothesis

A potential backtesting strategy could involve using the MACD crossover as an entry signal, combined with RSI divergence and Bollinger Band compression as confirmation tools. Traders might consider entering short positions when the MACD turns negative and the RSI drops below 50, especially if the price is near a key support level like 0.1705. Stop-loss could be placed just above the most recent 15-minute high or at the 0.1712–0.1715 resistance zone. This strategy would aim to capture a continuation of the bearish trend, assuming no fundamental or macro-level catalysts emerge to reverse the price action.