Market Overview for Pundi X (PUNDIXUSDT) – 24-Hour Analysis

• Pundi X traded in a tight range with a late push toward 0.3466 before consolidating near 0.3445.
• Volume surged during the overnight session, with a notable price-volume divergence in the early morning hours.
• RSI suggests neutral momentum, while Bollinger Bands show moderate volatility expansion.
• A bullish engulfing pattern emerged in the early morning, followed by a consolidation phase.
• Price remains below its 50-period MA on the 15-minute chart, signaling cautious sentiment.

Market Overview

Pundi X (PUNDIXUSDT) opened at 0.3394 on 2025-07-18 12:00 ET and reached a high of 0.3466 before closing at 0.3445 on 2025-07-19 12:00 ET. The pair traded between 0.3338 and 0.3466, with a total volume of approximately 1,321,016.1 and a notional turnover of $439,771.35.

Structure & Formations

Price action shows a key support zone forming around 0.3405–0.3425 and a resistance cluster near 0.3445–0.3465. A bullish engulfing pattern appeared at 03:15 ET, indicating potential short-term buying pressure. However, a subsequent bearish divergence in price and volume during the 05:00–06:00 ET window suggests caution in the near term.

Moving Averages

On the 15-minute chart, the 20-period MA sits at ~0.3435, and the 50-period MA is at ~0.3440. Price closed near the 50-period MA, indicating neutral to slightly bearish sentiment in the short term. Daily moving averages (50/100/200) are not available in the current dataset but would provide additional context for longer-term positioning.

MACD & RSI

The 15-minute MACD shows a recent crossover above the signal line, suggesting a modest uptrend. RSI is currently at ~52, indicating neutral momentum. While not in overbought or oversold territory, the RSI’s flat movement suggests a period of consolidation is underway.

Bollinger Bands

Bollinger Bands show a moderate expansion, with the upper band reaching ~0.3465 and the lower band at ~0.3415. Price has spent much of the day within the band, with a brief touch near the upper band in the early morning. This suggests elevated but not extreme volatility.

Volume & Turnover

Volume spiked during the overnight hours, particularly between 00:00–03:00 ET, with a peak of 65,721.9 at 00:45 ET. Turnover also surged during this period, aligning with the price push to 0.3466. However, a divergence appears in the 05:00–06:00 ET window, where volume remained high but price declined, signaling potential indecision in the market.

Fibonacci Retracements

Applying Fibonacci levels to the 0.3338–0.3466 swing, key retracement levels are at 0.3414 (38.2%) and 0.3444 (61.8%). Price has tested both levels during the consolidation phase, with the 61.8% level currently offering strong resistance.

Pundi X may test 0.3445–0.3465 in the next 24 hours if buying pressure continues, but a breakdown below 0.3415 could signal renewed bearish momentum. Investors should remain cautious of divergences and watch for a potential break of the 61.8% Fibonacci level to confirm a bullish bias.