Powerledger/Tether (POWRUSDT) Market Overview – 2025-11-12

Summary
• Price opened at $0.1109 and closed at $0.1120 after a volatile 24-hour session.
• Strong volume spikes and a bullish breakout above key resistance suggest buying pressure.
• RSI and MACD signal overbought conditions, hinting at a potential near-term correction.

Powerledger/Tether (POWRUSDT) opened at $0.1109 and closed at $0.1120 at 12:00 ET, reaching a high of $0.1143 and a low of $0.1052 over the 24-hour period. Total volume amounted to 13,082,885.0, with a notional turnover of $1,478,957.71. The pair displayed pronounced volatility and a bearish-to-bullish reversal pattern in the latter half of the session.

Structure & Formations

The price action on the 15-minute chart showed a bearish breakdown in the early hours followed by a strong rebound. A key resistance level at $0.1105 gave way, and by midday, price reclaimed higher ground, forming a bullish engulfing pattern between $0.1073 and $0.1115. This pattern suggests a potential trend reversal into a bullish bias. A notable support level was identified at $0.1071–$0.1073, which held during the initial sell-off and later served as a bounce zone.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price during the bearish phase but quickly diverged as buyers retook control. On the daily chart, the 50-period moving average is below the 200-period, indicating a slightly bearish bias in the longer term, while the 50-period has recently begun to rise, suggesting a potential short-term reversal. Price is currently above the 50-period MA, indicating a possible continuation of bullish momentum.

MACD & RSI

The MACD line crossed above the signal line mid-session, confirming the bullish reversal. RSI rose to 68 by the end of the session, approaching overbought territory. This suggests that the upward move may face short-term resistance and could lead to a consolidation phase or a pullback if buyers lose control.

Bollinger Bands

Volatility expanded during the bearish breakdown and again during the bullish rebound. Price moved from the lower band at $0.1052 to above the upper band at $0.1143, indicating a strong breakout. The current position near the upper band suggests overbought conditions and a potential pullback into the band’s central channel.

Volume & Turnover

Volume surged during the key price swings, particularly after 4:00 AM ET when price broke above $0.1105 and again after 7:00 AM ET when it moved above $0.1120. Notional turnover mirrored volume increases, confirming the strength of the reversal. Price and volume aligned during these moves, suggesting genuine conviction from institutional or large-cap traders.

Fibonacci Retracements

Applying Fibonacci retracement levels to the intra-24-hour swing, the 38.2% level at $0.1088 and 61.8% at $0.1114 were key areas of support and resistance. Price tested the 61.8% level during the bearish phase and later closed above it, suggesting that the bullish case is gaining momentum.

Backtest Hypothesis

The recent price action on POWRUSDT suggests a viable candidate for a candlestick-based strategy targeting reversal patterns such as the bullish engulfing or morning star. For example, the bullish engulfing pattern identified between $0.1073 and $0.1115 could have been a trigger for a long entry. A backtest strategy would involve entering a long position at the close of the engulfing pattern and exiting at the next breakout above the high of the pattern or a stop-loss placed below the pattern’s low. A one-day short/cover test could be conducted using this logic on confirmed reversal signals, with a focus on volume confirmation and RSI divergence as additional filters.