Market Overview: Powerledger/Tether USDt (POWRUSDT) on 2025-09-10

• Price surged to 0.1675 by midday but pulled back to close near 0.1664, with strong volume in the morning rally.
• RSI and MACD showed momentum divergence, hinting at potential exhaustion after sharp gains.
• Volatility expanded in the early hours, with Bollinger Bands widening before a consolidation phase.
• A bullish engulfing pattern formed around 0.1668–0.1672, followed by a bearish harami later in the session.
• Turnover spiked sharply during the 05:30–06:45 ET window, indicating high liquidity and institutional interest.

Price Action Summary

Powerledger/Tether USDt (POWRUSDT) opened at 0.1623 on 2025-09-09 12:00 ET and reached a high of 0.1675 on 2025-09-10 12:00 ET, with a low of 0.1622 and a final close of 0.1664. The 24-hour trading period saw total volume of approximately 2,119,621.8 units and a notional turnover of about $348,609. The pair displayed strong morning momentum, with a sharp rally followed by consolidation and a minor pullback.

Structure & Formations

Key support levels were formed around 0.1662–0.1666, with a strong bearish harami forming after a bullish engulfing pattern at 0.1668–0.1672. This suggests a potential shift in momentum, with bears reclaiming control post 0.1672. Resistance levels emerged at 0.1675–0.1678 during the early morning and held until midday. A potential short-term base appears to be forming around 0.1665–0.1668. Notably, a doji formed at 0.1664, indicating indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upward, with the price currently above the 20 MA and slightly below the 50 MA. This suggests a short-term bullish bias. On the daily chart, the 50/100/200 MA lines are aligned, with the 50 MA above the 100 and 200 MA, suggesting that the longer-term bias remains neutral to slightly bullish.

MACD & RSI

The MACD line crossed above the signal line in the early hours of the session, signaling a bullish momentum shift. However, as the price approached 0.1675, the MACD histogram began to contract, indicating weakening momentum. The RSI peaked near 62 at 0.1675 and has since declined to 53, showing that while not overbought, upward momentum is beginning to stall. Divergence between price and RSI suggests a potential reversal could be imminent.

Bollinger Bands & Volatility

Bollinger Bands expanded significantly during the early hours of the session, with the price rising from near the lower band to touch the upper band by 06:00 ET. This expansion was followed by a consolidation phase, with the price retreating to near the middle band by the close. Volatility has since contracted, suggesting the market may be entering a period of range-bound trading.

Volume & Turnover Analysis

Volume surged dramatically during the 05:30–06:45 ET window, coinciding with the sharp price rally to 0.1675. This period saw a total volume of over 900,000 units and a corresponding increase in turnover. However, as the price corrected, volume decreased, indicating that the initial buyers may have stepped aside. The divergence between price and volume in the late session suggests that the bullish move may not be fully supported by sustained buying pressure.

Fibonacci Retracements

Applying Fibonacci levels to the 0.1622–0.1675 move, the 38.2% level is at 0.1646, the 50.0% at 0.1648, and the 61.8% at 0.1653. The price corrected down to the 50.0% retracement level and is now consolidating near the 38.2% level. This suggests that key support is forming in this area, with the 0.1646–0.1653 range likely to remain a focal point for near-term trading.

Backtest Hypothesis

The backtesting strategy proposes entering long positions on a bullish engulfing pattern formation, with stop-loss placed below the pattern’s low and a target at the 38.2% Fibonacci retracement level of the engulfing candle. This aligns with the observed 0.1668–0.1672 engulfing pattern, which occurred on 2025-09-10. A short position would be triggered on a bearish harami or doji after a strong rally, as seen in the midday pullback. Given the divergence in RSI and MACD during the consolidation phase, the strategy could have captured the morning rally and exited before the pullback. The key to success lies in confirming the pattern with volume and ensuring that the trade aligns with the prevailing trend as defined by the 50-period MA.