PundiX/Tether Market Overview (PUNDIXUSDT) – 2025-09-16

• Price surged ~1.8% over 24 hours, closing near a fresh 24-h high.
• Momentum improved with RSI above 50, suggesting bullish bias.
• Volatility expanded in the final 6 hours, indicating potential breakout.
• Volume spiked 3x near the end, confirming price strength.
• A bullish engulfing pattern formed near 0.3140, signaling short-term reversal.

PundiX/Tether (PUNDIXUSDT) opened at 0.3131 on 2025-09-15 12:00 ET and closed at 0.3188 by 2025-09-16 12:00 ET, reaching a high of 0.3197 and a low of 0.3088 over the 24-hour period. Total traded volume was ~465,481.2, with turnover of ~145.97 million. Price action showed a clear upward bias as it closed near a 24-hour high.

Structure & Formations

The 15-minute chart revealed a bullish reversal pattern with a key engulfing candle forming at ~0.3145, followed by a strong push above key resistance at 0.3150. A small doji formed at ~0.3140, suggesting indecision, but this was quickly followed by a breakout above the prior high. Key support levels were identified at 0.3120, 0.3100, and 0.3088, while resistance was tested at 0.3150, 0.3165, and 0.3185. Price has shown clear buying interest above 0.3140.

Moving Averages & Bollinger Bands

On the 15-minute timeframe, the 20-period moving average crossed above the 50-period line in the final 4 hours, forming a bullish crossover. The 50-period moving average itself was trending upward, suggesting short-term momentum. Bollinger Bands showed a moderate expansion in the last 6 hours, with price staying above the midline and touching the upper band at one point, indicating increased volatility and potential continuation of the move higher.

MACD & RSI

The MACD crossed into positive territory near 0.3140, with a growing histogram indicating strengthening bullish momentum. RSI climbed from ~52 early morning to ~63 by the close, signaling moderate overbought conditions but still within a healthy range for a continuation. RSI also showed no immediate signs of divergence from price.

Volume & Turnover

Volume and turnover spiked dramatically in the final 6 hours of the day, with the largest single 15-minute candle (at ~0.3182) printing over 452k in volume. This confirmed the recent price action, suggesting strong accumulation. A divergence occurred briefly between price and volume in the early hours, but this was quickly reversed as volume picked up.

Fibonacci Retracements

Fibonacci retracements drawn from the low at 0.3088 to the high at 0.3197 showed price closing near the 61.8% retracement level at ~0.3170, suggesting a key area to watch for consolidation or continuation. On the 15-minute chart, price held above the 38.2% retracement at ~0.3148, confirming the bullish bias.

Backtest Hypothesis

A potential strategy involves entering a long position on a close above the 0.3150 resistance with a stop loss below the doji at 0.3140. A target of 0.3185–0.3200 aligns with the 61.8% Fibonacci level and recent breakout behavior. Given the confirmed bullish pattern, strong volume, and positive momentum, this could be a viable short-term trade setup for the next 24–48 hours. A trailing stop loss at 0.3160 could also be considered once the price exceeds 0.3175.