Market Overview for PundiX/Tether (PUNDIXUSDT) – September 24, 2025

• PundiX/Tether (PUNDIXUSDT) posted a 0.3095 close at 12:00 ET, down from a 0.3112 open the previous day, with a 24-h high of 0.3282 and low of 0.2998.
• The price formed a bearish consolidation pattern after a sharp sell-off below 0.315, with a 12% drop in turnover in the final 6 hours.
• RSI showed overbought conditions earlier, followed by a bearish divergence, while Bollinger Bands narrowed late, hinting at a potential breakout.
• Key support levels were tested at 0.308–0.310, with volume surging on the breakdown below 0.315, confirming bearish momentum.
• 24-hour volume totaled ~3.5 million units with notional turnover of ~$1.13 million, indicating moderate but directional activity.

The price of PundiX/Tether (PUNDIXUSDT) opened at 0.3112 on September 23 at 12:00 ET and reached a 24-hour high of 0.3282 before declining to close at 0.3095 as of 12:00 ET on September 24. Total trading volume over the period was approximately 3.5 million units, with notional turnover reaching ~$1.13 million. A bearish trend has emerged over the last 18 hours, with the price testing key support levels and forming multiple bearish candlestick patterns.

The structure of the 15-minute chart shows a clear breakdown from a key resistance at 0.315 to a support cluster at 0.308–0.310. A bearish engulfing pattern formed around 19:00 ET on September 23, followed by a long bearish candle at 03:30 ET on September 24, which confirmed a shift in momentum. The 20-period and 50-period moving averages on the 15-minute chart crossed in a death cross formation after 00:00 ET on the 24th, reinforcing the bearish bias.

The RSI indicator peaked at overbought levels of 65 before declining sharply into neutral territory, while MACD turned negative with a bearish crossover. Bollinger Bands experienced a contraction in the final 6 hours, suggesting a period of low volatility followed by a potential breakout. Price has since moved closer to the lower band, indicating a continuation of the downward trend. Volume spiked at key breakdown points, confirming bearish momentum, but dropped off in the final hours, suggesting a possible exhaustion phase.

Fibonacci retracements from the recent high of 0.3282 to the low of 0.2998 show key levels at 61.8% (~0.306) and 38.2% (~0.314). The 0.308–0.310 level appears to be acting as a critical support zone, with price bouncing slightly after testing it twice. If this level holds, a rebound could test the 38.2% retracement. A breakdown below 0.308 could lead to a retest of 0.306 and potentially 0.3045.

Backtest Hypothesis
A potential strategy could involve shorting on a confirmed breakdown below the 0.315 level, with a stop just above 0.316 and a target at the 0.308–0.310 support zone. Alternatively, a long setup may be considered at the 0.306–0.308 level with a stop below 0.3045, aiming for a 38.2% retracement at 0.314. Given the recent momentum indicators and confirmed breakdown, a trend-following approach may offer higher probability than mean reversion. A 20-period EMA and MACD crossover could be used to confirm entry signals.