Market Overview for PundiX/Tether (PUNDIXUSDT)

Summary
• Price action on PUNDIXUSDT declined from 0.2246 to 0.2189, forming bearish engulfing and rejection patterns near 0.225.
• Volume spiked during key breakdowns below 0.2235 and 0.2215, confirming bearish momentum.
• RSI entered oversold territory near 0.2175, suggesting a possible short-term rebound.
• Volatility expanded as price moved outside Bollinger Bands during sharp 5-minute declines.
• Fibonacci support at 0.2205 and 0.2157 appears relevant in short-term bearish scenarios.

PundiX/Tether (PUNDIXUSDT) opened at 0.2246 on 2025-12-16 12:00 ET, reaching a high of 0.226 and a low of 0.2157, before closing at 0.2189 on 2025-12-17 12:00 ET. Total volume was approximately 271,735.1, with notional turnover reflecting bearish consolidation.

Structure & Formations

Price declined in a series of bearish patterns, including bearish engulfing and rejection from key resistance levels around 0.225. A sharp breakdown below 0.2235 followed by a confirmed breakdown below 0.2215 suggests a key bearish shift in sentiment.

Moving Averages and MACD

Short-term 20/50-period moving averages on the 5-minute chart turned bearish, while the MACD diverged negatively from price as it declined past 0.2215. On the daily chart, the 50/100/200 MA structure shows PUNDIXUSDT is well below all key averages, reinforcing bearish bias.

RSI and Bollinger Bands

Relative Strength Index (RSI) dropped into oversold territory below 30 during the session’s lows near 0.2157, indicating a possible near-term bounce. Volatility expanded as price moved outside the upper and lower Bollinger Bands during sharp 5-minute declines, suggesting high conviction in bearish momentum.

Volume and Turnover

Volume surged during key breakdowns, particularly between 0.2235 and 0.2215, confirming bearish conviction. Turnover also increased in tandem with price declines, suggesting consistent selling pressure without notable short-term buying interest.

Fibonacci Retracements

Fibonacci levels suggest potential support at 0.2205 (38.2%) and 0.2157 (61.8%), with a breakdown below 0.2157 signaling a potential extension toward 0.2100. A rebound from 0.2205 could test the 0.224–0.226 resistance range.

Looking ahead, a retest of 0.2205–0.2215 could trigger short-covering or a temporary bounce. However, a sustained close below 0.2157 may intensify bearish momentum. Investors should monitor volume dynamics and RSI divergence for early reversal signals.