Market Overview for Powerledger/Tether (POWRUSDT)

• Price dropped from 0.1447 to 0.1396, forming bearish momentum.
• Oversold RSI levels suggest potential for near-term reversal.
• Volatility expanded with wide Bollinger Bands during early trading.
• Large volume spikes were observed during key support breakouts.
• A key support level appears at 0.1406 with a 61.8% Fibonacci retracement.

24-Hour Summary

Powerledger/Tether (POWRUSDT) opened at 0.1444 on 2025-09-25 12:00 ET, reached a high of 0.1448, and closed at 0.1420 as of 12:00 ET on 2025-09-26. The price action reflected bearish sentiment amid a total volume of 2,379,100 and turnover of 343.56 Tether. The 24-hour period saw significant downward pressure, particularly after breaking below key support levels.

Structure & Formations

The price action revealed several bearish structures, including a long lower wick candle and a bearish engulfing pattern that formed between 2025-09-25 17:30 and 18:00 ET. A key support level was identified near 0.1406, which coincides with the 61.8% Fibonacci retracement level. The 0.1416 level appears to be a strong psychological barrier with potential for consolidation or reversal.

Moving Averages

On the 15-minute chart, the 20 and 50 EMA lines show a bearish crossover, reinforcing the downtrend. On the daily chart, the 50 EMA is currently below the 100 and 200 EMA, indicating a longer-term bearish bias. The price remains well below the key 50 EMA, suggesting that bearish momentum may continue unless a strong reversal candle forms.

MACD & RSI

The RSI indicator has dipped into oversold territory, reaching as low as 27 near 0.1396, which could signal a potential bounce. However, this does not necessarily confirm a reversal, as it may be part of a deeper correction. The MACD has remained negative for most of the 24-hour period, with bearish divergence forming as price lows continue to fall while the MACD lines show weaker bearish momentum.

Bollinger Bands

Volatility expanded significantly during the early morning hours, with the price dropping below the lower band. This indicates increased bearish pressure and a potential for short-term continuation. The narrow Bollinger Bands contraction earlier in the 24-hour period was followed by a sharp move downward, suggesting the breakout was valid and bearish in nature.

Volume & Turnover

Volume spiked during the critical support break below 0.1406, validating the move with strong bearish conviction. Turnover also increased, particularly during the hours between 03:00 and 04:00 ET, when large orders pushed the price lower. The price-volume relationship has remained aligned, indicating strong bearish conviction without signs of a divergence.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing high of 0.1448 and low of 0.1393, key levels include 0.1423 (38.2%) and 0.1406 (61.8%). The price has tested the 61.8% level and appears to be consolidating near it. A break below 0.1406 may open the door to the next major support at 0.1393, while a bounce above 0.1423 could indicate a short-term rebound.

Backtest Hypothesis

The backtesting strategy proposed is to enter short positions on bearish engulfing patterns forming below key Fibonacci support levels, particularly at the 61.8% retracement of a recent swing. Stop-loss should be placed just above the pattern’s high, and take-profit targets are set at the next Fibonacci level and the previous support. Given the recent price action and confirmation of bearish momentum, this setup aligns with current conditions and may present a favorable risk-reward ratio in the coming 24 hours.