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

Summary
• Price climbed from $0.246 to $0.2599, forming bullish engulfing and hammer patterns near 0.257.
• RSI surged into overbought territory, while volume spiked significantly after 01:45 ET.
• Bollinger Bands widened after 05:30 ET, indicating increased volatility and breakout potential.
• Volume and turnover aligned on the rally, supporting strength in the breakout.
• Fibonacci retracement at 0.2599 suggests possible short-term resistance ahead.

PundiX/Tether (PUNDIXUSDT) opened at $0.246 on 2026-01-07 12:00 ET, surged to $0.2611, declined to $0.245, and closed at $0.255. Total volume reached 1,897,602.2, with notional turnover of $463,543.3.

Structure & Formations

The price advanced in a strong bullish trend after 01:45 ET, forming a large bullish engulfing pattern as it moved from 0.2505 to 0.2602. A hammer pattern appeared near 0.257, suggesting rejection of lower levels and potential consolidation. Key support levels at 0.2542 and 0.2523 held during pullbacks, while resistance at 0.2578, 0.2599, and 0.2611 could see renewed pressure.

Technical Indicators

The RSI surged into overbought territory (~75) as the price approached $0.2602, suggesting possible exhaustion or a pause in the rally. The MACD crossed into positive territory with a strong signal line, reinforcing bullish momentum. Bollinger Bands expanded after 05:30 ET, aligning with the breakout and signaling increased volatility.

Volume and Turnover

Volume surged significantly after 01:45 ET, coinciding with a massive price jump. A single 5-minute candle at that time saw a volume of 843,148.7, contributing over $21,575.06 in turnover. This suggests strong institutional or large-cap buyer participation. Later candles showed reduced volume, indicating possible profit-taking but still within a bullish trend.

Fibonacci Retracements

The rally from 0.245 to 0.2611 aligns with a 61.8% Fibonacci retracement at 0.2599, a key level to watch. A pullback could test 0.2578 (38.2%) before resuming higher.

PundiX/Tether appears to be in a strong breakout phase, supported by volume and technical indicators. A consolidation phase or test of 0.2611 could follow. Traders should remain cautious of overbought conditions and potential pullbacks in the next 24 hours.