Market Overview for Powerledger/Tether (POWRUSDT)

• POWRUSDT opened at $0.1482 and reached a 24-hour high of $0.1495, with a low of $0.1466 and closed near $0.149.
• Price showed a volatile range within Bollinger Bands, with MACD suggesting bullish momentum and RSI indicating overbought levels in the afternoon.
• Volume spiked at key breakout times, confirming price moves but showing divergence during pullbacks.
• A bullish engulfing pattern emerged around 09:30 ET, followed by a bearish reversal at the high, hinting at ongoing consolidation.
• Fibonacci levels at 0.1481 and 0.1476 appear to be key immediate supports, with 0.1494 acting as resistance.

24-Hour Summary

Powerledger/Tether (POWRUSDT) opened at $0.1482 on 2025-09-22 at 12:00 ET, reaching a high of $0.1495 and a low of $0.1466 before closing near $0.149 at 12:00 ET on 2025-09-23. The total 24-hour trading volume was approximately 563,457.0 units, with a notional turnover of ~$83,117.00.

Structure & Formations

The 24-hour chart revealed a broad trading range with a key consolidation phase between $0.1475 and $0.1495. A bullish engulfing pattern formed at around 09:30 ET (0.1486–0.1497), signaling a potential reversal from a prior bearish trend. However, a bearish reversal emerged near the high of $0.1495, suggesting that upside momentum may be running out. A doji formed at $0.1491 around 07:00 ET, indicating indecision at that level.

Moving Averages

On the 15-minute chart, price spent much of the day above the 20 and 50-period moving averages, which were aligned near $0.1484 and $0.1486 respectively. These levels acted as dynamic support during pullbacks. On the daily chart, the 50, 100, and 200-period MAs showed a bullish bias, with the 50-period MA at ~$0.1483 and the 200-period MA at ~$0.1478. Price has stayed above the 200-day MA for most of the period, suggesting a medium-term bullish trend.

MACD & RSI

The MACD remained positive throughout most of the day, with a narrow histogram and a bearish crossover occurring near $0.1495. This suggested that bullish momentum was slowing. The RSI hit overbought territory (~62–70) during the afternoon, peaking at 70, indicating a possible near-term correction. A pullback to 50–60 on the RSI could suggest a return to balanced market sentiment.

Bollinger Bands

Price traded within a wide Bollinger Band envelope for most of the period, indicating elevated volatility. The upper band hovered around $0.1495 and served as a resistance zone, while the lower band sat at ~$0.1470–0.1475, coinciding with key Fibonacci levels. A retest of the lower band in the early morning hours failed to break support, suggesting its durability as a short-term floor.

Volume & Turnover

Volume surged during key breakout and reversal moments, including the 09:30 ET bullish engulfing pattern and the 15:45 ET high. Notional turnover peaked around $0.1495–$0.1492, confirming the strength of the late afternoon high. However, volume during pullbacks was relatively subdued, indicating limited bearish conviction. A divergence between price and volume was observed during a pullback to $0.1476, suggesting potential exhaustion in the short-term bearish move.

Fibonacci Retracements

Fibonacci levels derived from the recent 15-minute swing high at $0.1495 and low at $0.1476 showed key retracement levels at 0.1481 (38.2%) and 0.1476 (61.8%). The 38.2% level was tested twice during the day and held, while the 61.8% level appeared to act as a minor support during a pullback. Daily Fibonacci levels from the recent 1-week high and low showed strong alignment with the 200-day MA at $0.1478.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions upon a bullish engulfing pattern forming above the 20-period MA, confirmed by rising volume and a RSI break above 50. Short positions could be considered when a bearish reversal pattern forms near key resistance levels with a RSI over 70. A stop-loss would be placed below the 61.8% Fibonacci level, and take-profit targets would be set at the 0.150–0.151 range, based on recent volatility and key resistance levels.