Market Overview for Powerledger/Tether (POWRUSDT)

• Price declined from 0.1445 to 0.1384 amid high-volume selling into strength.
• Key support found near 0.139–0.140, while resistance remains at 0.143–0.144.
• MACD and RSI show bearish momentum with RSI approaching oversold levels.
• Volatility increased as measured by Bollinger Band expansion and swing dynamics.
• Fibonacci levels indicate 0.1391 as a key 61.8% retracement level to watch.

Powerledger/Tether (POWRUSDT) opened at 0.1445 on 2025-09-27 at 12:00 ET, reached a high of 0.1445, and closed at 0.1384 on 2025-09-28 at 12:00 ET, with a low of 0.1380. The 24-hour total volume was 1,015,425.4 units and total turnover was $142,291.28. The pair has shown a bearish trend with multiple rejections at key resistance levels.

Structure & Formations

Price action on the 15-minute chart indicates a bearish structure with a breakdown from key resistance at 0.143. The price formed bearish engulfing patterns and a series of lower highs and lower lows, indicating strong bearish momentum. A large-volume bearish candle on 2025-09-28 00:15 ET confirmed a breakdown from the 0.142–0.143 consolidation range, with support testing at 0.139 and 0.138 levels. A doji formed around 0.1406 on 2025-09-28 15:30 ET, signaling a potential short-term pause in the downtrend, but failed to form a bullish reversal structure.

Moving Averages

The 15-minute chart shows the 20-period and 50-period moving averages are in a bearish crossover configuration. On the daily chart, the 50-period and 200-period EMAs are aligned lower, with the price trading well below both. This confirms a medium-term downtrend and indicates that any near-term rallies may be short-lived unless the price crosses back above the 50-period EMA at ~0.1415.

MACD & RSI

The 15-minute MACD has been negative for the past 8 hours, with the MACD line crossing below the signal line, reinforcing bearish momentum. The RSI has dipped into oversold territory (~30–35) but has not formed a bullish divergence. A rebound in RSI and MACD above zero would be needed for a potential reversal. On the daily chart, the RSI is also bearish, below 50, indicating continued bearish bias.

Bollinger Bands

Volatility has increased significantly, as evidenced by the wide Bollinger Bands. The price spent much of the 24-hour period near the lower band, especially during the breakdown phase. A contraction in the bands may be expected after the current expansion, possibly leading to a breakout or consolidation phase. The current 15-minute band width is ~0.0006, up from ~0.0003 12 hours ago.

Volume & Turnover

Volume spiked significantly on the breakdown candle at 0.142–0.143, with a 15-minute volume of 35,677 units. This confirms bearish conviction. However, during the rebound phase from 0.1380 to 0.1395, volume remained relatively low, suggesting weak buying interest. Notional turnover followed a similar pattern, with a peak at 0.142–0.143 and a trough during the rebound. A divergence in volume and price could signal a reversal, but it has not yet materialized.

Fibonacci Retracements

Applying Fibonacci levels to the 24-hour swing from 0.1445 to 0.1380, the 0.618 level at 0.1391 has shown strong support, with the price bouncing from that level after the breakdown. On the daily chart, the 0.618 level from a larger swing (0.1460 to 0.1370) sits at ~0.1405, which could act as near-term resistance if the price recovers. The 0.382 level at 0.1422 is also relevant and could offer a potential reversal point if bulls push the price above 0.141.

Backtest Hypothesis

The backtesting strategy outlined focuses on identifying bearish breakdowns and testing support levels using a combination of moving average crossovers and Fibonacci retracements. Given the current price structure, the strategy could have triggered a short entry at the breakdown candle on 2025-09-28 00:15 ET, with a stop above the 0.143 resistance. A target could have been set at the 0.618 Fibonacci level at 0.1391, where the price found support and rebounded. This strategy aligns with the observed behavior of the market, with strong confirmation from volume and technical indicators. However, further testing is needed to determine optimal exit timing and position sizing for risk management.