Market Overview: PundiX/Tether (PUNDIXUSDT) 24-Hour Summary (2025-09-21)

• PUNDIXUSDT opened at 0.3162 and formed a bearish bias with a 24-hour low of 0.3120 and close of 0.3147.
• RSI and MACD indicate oversold conditions and weakening bullish momentum toward the close.
• Volatility expanded in the afternoon with a volume spike of 46826.1 and intraday range exceeding 0.006.
• Price tested the 0.3157–0.3161 resistance zone multiple times without a strong breakout.
• Bollinger Bands show a contraction in the morning and a re-expansion after 0.3144, suggesting a potential reversal.

PundiX/Tether (PUNDIXUSDT) opened at 0.3162 on 2025-09-20 at 16:00 ET and closed at 0.3147 on 2025-09-21 at 12:00 ET, with a 24-hour high of 0.3197 and a low of 0.3120. Total volume reached 287,674.1, while turnover hit ~$91,871.5 (approximate based on volume and average price). The pair spent much of the day in a consolidative range, but late-day volatility hinted at shifting sentiment.

Structure & Formations

Price carved a distinct bearish flag pattern between 0.317 and 0.3143, following an early morning rally to 0.318–0.3197. A key support level was identified at 0.3142–0.3144, where price consolidated multiple times. The session saw a few bearish engulfing patterns after 0.3157 and a long lower shadow at 0.3159–0.3142, indicating potential short-covering or a pause in the downward move. A doji near 0.3154 at 00:15 ET suggested indecision ahead of a late afternoon selloff.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages crossed into a bearish crossover late in the session, reinforcing the bearish momentum. Daily moving averages (50/100/200) are not provided, but the 15-min averages show that price closed below both, suggesting a continuation of bearish momentum in the short term.

MACD & RSI

The MACD crossed into negative territory after 0.3157, aligning with the price action. RSI dropped to ~33–37 in the final hours, signaling oversold conditions. However, the RSI did not show a strong rebound, suggesting bearish exhaustion may not yet be complete. This could signal a potential bounce near the 0.3142–0.3143 area, but a reversal would need confirmation above the 0.3154–0.3162 resistance cluster.

Bollinger Bands

Bollinger Bands contracted in the early hours (before 0.3157) and then re-expanded after the price broke below the lower band at 0.3143–0.3144. This re-expansion suggests increasing volatility and potential for a short-term bounce. Price remained within the bands for most of the session, but the late-day break below the lower band may signal a possible test of the next support level at 0.3133–0.3120.

Volume & Turnover

Volume spiked sharply at 09:45 ET as price fell to 0.3120, followed by another surge at 15:00 ET with a large volume of 46826.1. The increase in volume at 0.3145–0.3147 suggested accumulation by buyers, but the price failed to close above the 0.3154–0.3162 zone. Turnover followed the volume closely, with the largest spikes coinciding with the key support test and consolidation phase.

Fibonacci Retracements

Applying Fibonacci to the 0.3120–0.3197 swing, key retracement levels were:- 23.6% at ~0.3164- 38.2% at ~0.3169- 50% at ~0.3159- 61.8% at ~0.3153
Price tested the 61.8% level (0.3153) multiple times but failed to hold above it. The 50% level at 0.3159 became a short-term pivot. A potential bounce from the 0.3142–0.3143 level (slightly below 61.8%) could trigger a retest of the 0.3159–0.3161 area.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish breakout above 0.3154–0.3162, confirmed by RSI divergence and volume contraction. A stop-loss could be placed just below 0.3143, with a target at 0.317–0.318. Short-term traders may also consider shorting on a breakdown below 0.3142, with a stop above 0.3159. These levels and patterns align with the observed Fibonacci and candlestick structures, providing a logical basis for the backtest.