Market Overview for Powerledger/Tether (POWRUSDT)

• Price surged to 0.1667 before consolidating near 0.1655; bullishly divergent volume suggests momentum.
• RSI indicates moderate momentum without overbought conditions; volatility remains in a normal range.
• Bollinger Bands show recent tightening before a breakout attempt; 0.1665–0.1652 is a key cluster.
• Large bullish and bearish 15-minute candles highlight intra-day volatility and trader sentiment shifts.
• Turnover spiked after 0.1665, confirming price action on the higher end of the range.

24-Hour Summary

Powerledger/Tether (POWRUSDT) opened at $0.1613 (12:00 ET − 1), hit a high of $0.1667, and closed at $0.1655 (12:00 ET). Total 24-hour volume was 2,673,193.75, with a notional turnover of approximately $437,196. The pair experienced a strong upward bias in the late hours of 2025-09-17 before consolidating overnight.

Structure & Formations

Price action over the last 24 hours shows a textbook consolidation pattern following a sharp upward move. Key levels include a strong support at 0.1652 and a critical resistance at 0.1665. A bullish engulfing pattern was observed around 2025-09-18 03:30 ET, confirming strength above 0.1665, followed by a large bearish candle later in the session suggesting profit-taking or short-term capitulation.

Technical Indicators

The 20-period and 50-period moving averages on the 15-minute chart show a bullish cross, reinforcing the recent upward bias. The daily chart remains above all key moving averages (50, 100, and 200), indicating a longer-term bullish trend. RSI sits at 58, indicating moderate momentum with no overbought conditions. MACD remains positive with a narrowing histogram, suggesting a potential pullback may be in the cards.

Volatility and Volume

Bollinger Bands indicate a period of tightening volatility in the late hours of 2025-09-17 before a breakout attempt. Price action remained within the upper band, showing strong conviction. Volume spiked sharply after the 0.1665 level, confirming the breakout. Notional turnover also spiked in this range, suggesting strong institutional or retail buying pressure.

Backtest Hypothesis

Given the recent bullish engulfing pattern and confirmed breakout above 0.1665, a potential backtest strategy could involve entering a long position at 0.1665 with a stop-loss placed just below 0.1652, targeting a profit at 0.1675. This strategy aligns with the observed strength in volume and the RSI confirming moderate bullish momentum without overbought signals. Traders could also monitor a retest of the 0.1665 level for confirmation before entering.