Market Overview: PundiX/Tether (PUNDIXUSDT) - 24-Hour Technical Summary

Summary
• Price advanced from 0.2379 to 0.2444 on 24-hour 5-min data, forming a bullish breakout pattern.
• Volatility and turnover increased sharply after 21:30 ET, aligning with higher highs and strong volume.
• RSI climbed above 60, suggesting rising momentum, though not yet overbought.

PundiX/Tether (PUNDIXUSDT) opened at 0.2379 on 2026-01-02 12:00 ET, reaching a high of 0.2447 and a low of 0.2369, closing at 0.2441 as of 2026-01-03 12:00 ET. The 24-hour volume totaled approximately 352,121.1 with a notional turnover of ~8,584.55.

Structure & Formations

The 24-hour 5-min OHLCV data reveals a clear ascending structure, with key support around 0.2372–0.2383 and resistance near 0.2401–0.2435. A bullish breakout pattern emerged after 21:30 ET as price moved above the prior resistance cluster. Notable bullish engulfing patterns occurred around 22:30 and 04:00 ET, reinforcing the uptrend. A doji at 05:30 ET may indicate a pause in momentum and a possible consolidation period ahead.

Technical Indicators

The 20-period and 50-period moving averages on the 5-min chart are both bullish, with price above both. The 12–26 MACD line turned positive and widened, confirming the strengthening upward momentum. RSI climbed above 60, reaching 61.8% levels, suggesting rising bullish energy but not yet overbought. Bollinger Bands widened after 21:30 ET, indicating a period of increased volatility and confirmation of the breakout move.

Volume and Turnover

Volume surged significantly during the late trading hours (after 21:30 ET), with the largest spike occurring at 04:45 ET (35,212.1 volume) and 22:15 ET (12,901.2 volume), confirming price advances. Notional turnover mirrored this, increasing from 330.5 at 04:00 ET to 8,584.5 at 04:45 ET, reinforcing the conviction behind the price rally.

Fibonacci Retracements

On the 5-min chart, the move from 0.2372 to 0.2447 aligns with Fibonacci levels, with price currently near the 61.8% retracement of that swing. Daily Fibonacci levels suggest a larger bullish trend from January 2 to January 3, with 0.2447 as a potential near-term target and 0.2432 as a key support.

The market appears to have entered a strong bullish phase with confirmed breakouts and increasing volume. While short-term momentum supports further upside, a pullback to 0.2425–0.2432 could test the strength of this move. Investors should monitor for signs of overbought conditions or divergences in volume and momentum in the next 24 hours.