Market Overview: PundiX/Tether (PUNDIXUSDT) on 2025-09-13

• PundiX/Tether (PUNDIXUSDT) edged higher, closing near session highs amid rising volume and momentum.
• Price found key support at $0.3290 and tested resistance at $0.3350, forming bullish reversal patterns.
• RSI showed strong momentum, while Bollinger Bands reflected tightening volatility early in the session.
• Total volume surged to over 1.28 million, with notional turnover hitting ~$425,000, confirming bullish conviction.
• Fibonacci levels suggested 61.8% retracement at $0.3350 could be a near-term target.

At 12:00 ET on 2025-09-13, PundiX/Tether (PUNDIXUSDT) opened at $0.3257, reached a high of $0.3363, and closed at $0.3357 after a 24-hour session marked by rising momentum. Total volume surged to 1,285,469 and notional turnover hit approximately $425,000, signaling increased market participation and directional clarity.

Structure & Formations

Price action revealed a strong bullish bias over the past 24 hours, with key support identified around $0.3290—retested twice without breakdown. A bullish engulfing pattern formed at $0.3308 and confirmed a short-term reversal. Later, a morning high at $0.3363 was accompanied by a long upper shadow, suggesting some consolidation ahead. A 61.8% Fibonacci retracement level from a key swing low to high aligned closely with this level, reinforcing its significance.

Moving Averages

On the 15-minute chart, price remained above the 20-period and 50-period moving averages, with the 50-period line trending upward, indicating a strong near-term bullish bias. The 20-period MA acted as dynamic support around $0.3330, while the 50-period MA currently sits at $0.3325, providing a near-term floor. On the daily chart, price has moved above both the 50 and 100-period MAs, with the 200-period MA acting as a long-term baseline at ~$0.3285.

MACD & RSI

The 15-minute MACD crossed above zero early in the session and remained in positive territory, confirming bullish momentum. The histogram showed a gradual build, especially after the $0.3308 low. RSI surged toward overbought territory (above 65) during the morning hours, indicating strong buying pressure. A divergence between RSI and price was not observed, reinforcing the strength of the uptrend.

Backtest Hypothesis

The backtest strategy described involves using a breakout entry on the 15-minute chart when price closes above the 20-period MA with a bullish engulfing pattern and RSI above 50. A stop-loss is placed below the prior swing low, and a take-profit target is set at the 61.8% Fibonacci level. The strategy appears to align well with the recent action, particularly the morning breakout at $0.3363, offering a high-probability trade setup for the next 24 hours.

Bollinger Bands & Volatility

Volatility, as measured by Bollinger Bands, showed a notable contraction during the overnight hours before expanding as price broke through $0.3308. Price closed near the upper band for much of the morning, suggesting strong bullish momentum. The tightest contraction occurred at $0.3308, which preceded a breakout—often a precursor to directional movement. The current position near the upper band suggests continued bullish potential if the trend holds.

Volume & Turnover

Volume spiked significantly during the morning session as price pushed through key resistance levels, particularly around $0.3308 and $0.3363. Notional turnover mirrored this, with the largest block occurring around $0.3345–$0.3363, where volume accounted for over 50% of the total. Divergences between volume and price were minimal, with both confirming the bullish bias. A key divergence occurred briefly in the late afternoon as volume declined while price edged higher, hinting at potential near-term exhaustion if not confirmed.

Fibonacci Retracements

Recent 15-minute swings show a critical 61.8% retracement level at $0.3350, which aligns with a key psychological price point. Price approached this level at the session high and may face short-term resistance there. A break above $0.3350 could target $0.3365–0.3370 as the next Fibonacci extension. On the daily chart, a larger 61.8% retracement from a prior downtrend is at $0.3340, currently acting as a minor support/resistance zone.

Looking ahead, PundiX/Tether appears poised to test key resistance at $0.3350–0.3363, with momentum indicators and volume patterns strongly favoring a continuation. Traders may watch for a rejection at the upper Bollinger Band or a break above the 61.8% Fibonacci level as confirmation of further upside. As always, volatility can shift quickly in crypto markets; a pullback or consolidation phase is a reasonable risk if the overbought RSI fails to find buyers.