Market Overview: PundiX/Tether (PUNDIXUSDT) on 2025-12-20

Summary
• Price rose from 0.2245 to 0.2297, forming a bullish breakout above prior resistance.
• A 5-minute bullish engulfing pattern emerged at 0.2268–0.2278, signaling strong short-term momentum.
• Volume surged to 26,133.3 USDT at peak, confirming the breakout with no divergence from price.
• RSI reached 62 near session high, indicating moderate momentum but not overbought.
• Bollinger Bands widened during the rally, reflecting increased volatility in afternoon trading.

At 12:00 ET–1 on 2025-12-20, PundiX/Tether (PUNDIXUSDT) opened at 0.2245, touched a high of 0.2297, a low of 0.2208, and closed at 0.2266 by 12:00 ET. Total volume amounted to 484,960.3 USDT, with a notional turnover of 111.3 USDT over the 24-hour period. The price showed a clear upward shift following a consolidation phase in the morning before breaking out in the afternoon.

Structure & Candlestick Patterns

A bullish engulfing pattern formed on the 5-minute chart around 16:30–17:00 ET, where price gapped up from 0.2266 to 0.2278. This pattern confirmed a shift in sentiment after a period of consolidation. The price also tested prior resistance at 0.227 and 0.2285 multiple times, with key support levels forming at 0.2263 and 0.2255. A notable bearish divergence in volume appeared at 0.2294–0.2291, suggesting caution ahead of further gains.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period SMAs rose from 0.2249 to 0.2269, aligning with the breakout.

RSI climbed to 62, indicating moderate momentum without reaching overbought territory. The MACD line crossed above the signal line around 18:45 ET, confirming a short-term bullish bias. However, the histogram showed a slight flattening after 0.229, signaling potential exhaustion.

Volatility and Bollinger Bands

Bollinger Bands widened significantly during the afternoon as price pushed higher, indicating increased volatility. At one point, price traded above the upper band at 0.2294, which acted as a temporary ceiling. The bands then began to contract as price pulled back toward the midline, suggesting a possible period of consolidation ahead.

Volume and Turnover Analysis

Trading volume peaked at 26,133.3 USDT around 17:45 ET, coinciding with the price breakout to 0.2297. However, volume declined afterward despite the continued rally, forming a potential divergence. Notional turnover reached 0.6 USDT at the peak but has since declined. A moderate volume base has formed at 0.2263, suggesting a strong level of accumulation or support.

Fibonacci Retracements

On the 5-minute chart, price reached the 61.8% Fibonacci retracement level of the morning downtrend (0.2245–0.2208) at 0.2231 before resuming the rally. On the daily chart, the 38.2% level at 0.2253 was tested twice and held, acting as a psychological barrier. Price is now trading near the 61.8% retracement at 0.2289, which may become a key level for further validation.

The rally appears to have strong near-term support and momentum, with potential for a continuation if the 0.2294–0.2289 range holds. However, a pullback to test 0.2263 or 0.2255 could indicate profit-taking, and traders should remain cautious of volume divergence. The next 24 hours may see a consolidation phase, with a risk of a short-term correction if resistance at 0.2297 is rejected.