Market Overview for PundiX/Tether (PUNDIXUSDT) on 2025-09-23

• Price surged to a 24-hour high of $0.3246 before consolidating near $0.3094
• Strong bullish momentum from 02:00–10:00 ET with a 33% rally from support
• Volatility spiked during midday as PundiX/Tether traded within a tight range post-breakout
• Turnover increased 10x during the peak rally, confirming buying strength
• 24-hour volume reached 18.7 million, up sharply from prior low-volume trend

PundiX/Tether (PUNDIXUSDT) opened at $0.2942 on 2025-09-22 12:00 ET and closed at $0.3094 as of 2025-09-23 12:00 ET, with a 24-hour high of $0.3246 and low of $0.2902. The pair surged over 7% in the 24-hour period, with a total trading volume of 5,115,703.0 and a notional turnover of $1,583,250.00. Price action showed clear signs of bullish momentum and a breakout from a prior consolidation phase.

Structure & Formations

The daily chart showed a strong bullish reversal pattern as PUNDIXUSDT broke above a key resistance zone at $0.3000 and $0.3050. A large bullish engulfing pattern formed around 02:30 ET as price surged from $0.2980 to $0.3172. This pattern confirmed the shift in sentiment and was followed by a rapid rally to $0.3246. Notable support levels at $0.2930 and $0.2900 were tested and held during the early sell-off before the asset rebounded. A doji formed at $0.3172, indicating potential exhaustion in the rally, followed by a pullback into a tighter range.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both sloped upward following the breakout, with the 50-period line acting as a dynamic support during the consolidation phase. The 20-period MA crossed above the 50-period MA (a golden cross) around 08:30 ET, reinforcing the bullish bias. On the daily chart, the 50-period MA was at $0.2945, while the 100-period MA was at $0.2925 and the 200-period MA at $0.2895, suggesting a strong positive tilt in the medium-term trend.

MACD & RSI

The MACD histogram showed a sharp increase in bullish momentum from 02:00–09:00 ET, with the fast line crossing above the signal line around 03:00 ET. RSI reached overbought territory (above 70) at $0.3172 before correcting slightly. This indicated that the rally had strong conviction but could face near-term profit-taking pressure. The RSI later pulled back into neutral territory, and the MACD showed a flattening histogram, suggesting a potential pause in the upward move.

Bollinger Bands

Price broke above the upper Bollinger Band during the morning hours (02:00–08:00 ET), indicating strong volatility expansion. After peaking at $0.3246, PUNDIXUSDT re-entered the Bollinger Band channel, trading near the upper band. The channel width increased from a contraction phase earlier in the 24-hour window, signaling renewed volatility. The midline of the Bollinger Band currently sits at $0.3085, acting as both a support and potential pivot level for near-term trading.

Volume & Turnover

Trading volume spiked sharply during the morning session, peaking at 1,971,377.3 units at 15:45 ET, with a corresponding notional turnover of $630,000. This volume surge coincided with the high of $0.3246 and confirmed the strength of the breakout. However, volume dropped off after 16:00 ET, as price consolidated between $0.3075 and $0.3100. The pullback occurred without a corresponding volume spike, suggesting a possible lack of follow-through buying interest at higher levels.

Fibonacci Retracements

Key Fibonacci retracement levels from the low at $0.2902 to the high at $0.3246 identified $0.3100 (61.8%) and $0.3025 (38.2%) as critical levels. Price found immediate resistance at $0.3100–$0.3130 before pulling back to test the 61.8% level, which held as a support zone. The 50% retracement level at $0.3075 coincided with a major pivot point in the consolidation phase, and price has remained above it throughout the 24-hour window.

Backtest Hypothesis

The backtesting strategy suggests a long entry on a breakout above the 20-period moving average (08:30 ET) with a stop-loss placed below the 50-period MA. Given the current price action, this strategy aligns with the observed golden cross and bullish momentum. A 2:1 risk-reward ratio could be applied, with a target of $0.3160–$0.3190 and a stop-loss at $0.2970. The high volume and low divergence between price and RSI during the rally support the potential effectiveness of this strategy over the next 24 hours.