Market Overview for PundiX/Tether (PUNDIXUSDT)

Summary
• PUNDIXUSDT consolidates near 0.2432–0.2437, with volume clustering at key support.
• Momentum remains neutral; RSI and MACD show little divergence or overbought signals.
• Volatility dipped after 20:30 ET, but volume picked up significantly post 00:00 ET.
• A bullish engulfing pattern emerged around 04:15 ET, hinting at short-term optimism.

Market Overview

PundiX/Tether (PUNDIXUSDT) opened at 0.2432 on 2026-01-03 12:00 ET, reached a high of 0.2458, a low of 0.2421, and closed at 0.244 at 12:00 ET on 2026-01-04. Total volume was 242,848.8 with a notional turnover of 59,394.92 USDT.

Structure & Formations

The pair exhibited a range-bound profile, with key support at 0.2432 and resistance at 0.2437. A bullish engulfing pattern formed at 04:15 ET, suggesting a potential short-term reversal. A doji appeared at 03:15 ET, hinting at indecision. The 0.2432–0.2442 cluster formed a shallow consolidation, with a recent 5-minute swing high at 0.2458.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages were closely aligned, hovering just below the close price of 0.244. The 200-period MA on the daily chart remains below the current price, indicating a long-term uptrend.

MACD & RSI

The MACD histogram showed a neutral stance with no clear divergence from price. RSI hovered between 50 and 55 for much of the session, indicating balanced momentum without overbought or oversold conditions.

Bollinger Bands

Volatility narrowed significantly between 20:30 and 00:00 ET, with price staying within the inner band. A volatility expansion occurred after 04:15 ET, as price broke above the upper band temporarily before retreating into the mid-band range.

Volume & Turnover

Volume spiked sharply post 00:00 ET, with the 57949.3 volume candle confirming upward movement. Notional turnover also rose, but price failed to maintain the breakout above 0.2445. Divergences between volume and price were minimal, suggesting orderly trading.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from 0.2431 to 0.2458, price found support near the 61.8% retracement level at 0.2445. Daily Fibonacci levels suggest key resistance at 0.2468 and support at 0.2418 based on the prior day’s range.

The pair may test the 0.2445 resistance in the next 24 hours, but traders should remain cautious as consolidation could persist. A breakout above 0.2448 would signal renewed bullish momentum, while a retest of 0.2432 could confirm the lower boundary of the range.