Market Overview for Powerledger/Tether (POWRUSDT)

Summary
• Price surged to 0.0997 before consolidating near 0.0953, forming potential resistance and support zones.
• High volume and turnover suggest active accumulation near 0.0977 and 0.0955, indicating possible institutional interest.
• RSI overbought levels in the morning session hinted at temporary momentum, but price corrected into the afternoon.
• Bollinger Bands expanded in the early hours, reflecting heightened volatility before a consolidation phase.
• A bullish engulfing pattern emerged near 0.0956, indicating a possible reversal from a downward trend.

Powerledger/Tether (POWRUSDT) opened at 0.094 on 2026-01-07 at 12:00 ET, surged to a high of 0.1037, and settled at 0.0953 by 12:00 ET the next day. The pair traded in a range between 0.094 and 0.1037, with a total volume of 10,088,160.0 and a notional turnover of approximately $942,449. The 24-hour session saw a mix of volatile and consolidative phases, with a sharp rally in the early morning followed by a pullback.

Structure & Formations

Key support levels formed around 0.0955 and 0.0942, while resistance emerged at 0.0977 and 0.0986. A bullish engulfing pattern appeared near 0.0956, suggesting a potential short-term reversal. A doji formed near 0.0967, signaling indecision after the morning rally.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages crossed above the price during the morning surge, supporting the bullish momentum. However, the price fell back below the 50-period MA by midday.

The 50-period MA on the daily chart currently sits near 0.0965, and the 200-period MA near 0.0950, indicating a possible support zone in the coming days.

MACD showed a bullish crossover early in the morning, confirming the rally, but the line dipped below the signal line by the afternoon. RSI reached overbought levels above 70 in the early hours, followed by a sharp pullback into oversold territory after 08:00 ET.

Volatility and Bollinger Bands

Bollinger Bands widened significantly during the early morning rally, with the price peaking near the upper band at 0.0997. The bands have since contracted, with the price oscillating within a narrow range, suggesting a consolidation phase. Volatility remains elevated, and further expansion could indicate a breakout attempt.

Volume and Turnover

Volume spiked during the 02:15–02:45 ET window, with over 1.7 million units traded as the price surged toward 0.1037. Turnover also spiked during this window, reaching nearly $18,000, suggesting strong participation from larger traders. Divergence between price and volume appeared in the mid-to-late session, with declining turnover during a price pullback.

Fibonacci Retracements

Applying Fibonacci retracement to the morning rally from 0.0972 to 0.1037, key retracement levels sit at 0.1006 (38.2%) and 0.0990 (61.8%). The price found resistance near 0.0990 before reversing lower. On the daily chart, the 61.8% retracement level from a prior downtrend sits near 0.0950, where the price has found support.

The coming 24 hours may see a test of the 0.0955 support level and a potential bounce toward 0.0965–0.0970 if short-term buyers re-enter. However, traders should remain cautious as divergences and overbought conditions could lead to further volatility and a breakdown if the 0.0942 level is breached.