Summary
• Price found key resistance at 0.0860–0.0870 before consolidating.
• Volume surged during the 06:00–08:00 ET window, confirming bullish momentum.
• RSI suggests mild overbought conditions after the rally to 0.0896.
• Bollinger Bands widened during the early morning spike, signaling heightened volatility.
• Fibonacci levels at 0.0866 and 0.0854 appear to be key for near-term direction.
At 12:00 ET on 2025-12-30, Powerledger/Tether (POWRUSDT) opened at 0.0821, reached a high of 0.0896, and closed at 0.0869 after trading as low as 0.0812. The total 24-hour volume was approximately 19,000,975.0 and the notional turnover amounted to roughly 1,673,880.07.
Structure & Formations
Price formed a bullish engulfing pattern around 0.0850–0.0860 in the morning, followed by a sharp rally that stalled near 0.0896. A bearish divergence emerged in the afternoon as price pulled back while volume remained elevated. Key support levels are forming around 0.0854 and 0.0846, with resistance at 0.0866 and 0.0874 appearing significant.
Volume & Momentum
Volume spiked dramatically during the 06:00–08:00 ET period, confirming the morning breakout. The RSI reached 68 in the early hours, suggesting a potential pullback. However, MACD remained positive, supporting the idea of continued upward bias in the short term.
Volatility & Bollinger Bands
Bollinger Bands widened significantly during the 06:00–08:00 ET rally, indicating a period of high volatility.
Price remained near the upper band after 06:00, suggesting overbought conditions. The contraction observed in the early morning may have set up a potential breakout scenario.
Looking Ahead
POWRUSDT appears to be consolidating after a strong 24-hour move, with key Fibonacci levels at 0.0866 (61.8%) and 0.0854 (38.2%) likely to play a role in near-term direction. A break above 0.0874 could extend the rally, while a drop below 0.0850 may trigger a test of 0.0840. Investors should remain cautious for a potential short-term correction.
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