Market Overview for Powerledger/Tether (POWRUSDT)

• Price declined from 0.1502 to 0.1465, forming bearish momentum with oversold RSI
• Volume surged at 0.1465–0.1475, confirming key support cluster
• Volatility expanded during early hours, suggesting range breakout potential
• MACD divergence indicates weakening bearish pressure ahead of 0.1478 level
• 61.8% Fib at 0.1475 and 0.1521 as potential swing targets

Overview

At 12:00 ET on 2025-10-06, Powerledger/Tether (POWRUSDT) opened at 0.1499, hit a high of 0.1503, and a low of 0.1465 before closing at 0.1495. Total volume reached 501,482.5 and turnover was $75,718. The price action reflected a sharp bearish move followed by consolidation around 0.1475–0.1485.

Structure & Formations

A bearish breakdown occurred around 0.1475, confirmed by a series of engulfing patterns and a long lower shadow on the 0.1472 candle. A large doji appeared at 0.1471–0.1473, signaling indecision and potential reversal. Key support levels were identified at 0.1475 and 0.1465, while resistance is forming at 0.1485 and 0.1495.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, forming a bearish death cross. The 50-period MA is bearish at 0.1480, and the 200-period MA on the daily chart is currently at 0.1490, suggesting that the pair is below its longer-term trend. Price is approaching the 50-period MA on the 15-minute chart, where it may find support or resistance.

MACD & RSI

MACD turned negative and is trending downward, indicating bearish momentum is still intact. The RSI is in oversold territory at 30, but price remains below the 20-period MA, which suggests bearish exhaustion may not yet be complete. A reversal above 0.1485 could trigger a bounce, but a break below 0.1472 may accelerate the decline.

Bollinger Bands

Volatility expanded significantly during the early part of the day, with price reaching the lower band at 0.1465. The upper band was at 0.1496, and price closed near the center band at 0.1485, suggesting short-term consolidation. A retest of the lower band could confirm support, while a break above the center band may indicate a short-term reversal.

Volume & Turnover

Volume surged around 0.1475–0.1480, particularly during the 05:30–06:30 ET timeframe, coinciding with a bounce off the 0.1475 level. However, price failed to close above 0.1485, indicating bears maintained control. Turnover was concentrated during key support tests, aligning with volume spikes and reinforcing the bearish trend.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement of the 0.1465–0.1495 move is at 0.1478, where price has found temporary support. On the daily chart, the 38.2% retracement is at 0.1475 and the 61.8% at 0.1465, both of which appear to be holding as key levels. A break below 0.1465 could target the 0.1453 level on a 23.6% extension.

Backtest Hypothesis

Given the recent consolidation and key Fibonacci levels in place, a potential backtesting strategy could involve a long bias on a close above 0.1485 with a stop-loss below 0.1475. A short bias could be triggered on a break below 0.1465 with a target of 0.1453. This approach would align with the current MACD divergence and the RSI oversold condition, testing whether the price can maintain momentum in either direction.