Market Overview for PundiX/Tether (PUNDIXUSDT): 24-Hour Analysis as of 2025-09-15

• PundiX/Tether (PUNDIXUSDT) ended the 24-hour period lower, closing near intraday lows, indicating bearish pressure.
• High volatility was observed midday with a sharp drop below key support levels, likely triggering stop-loss selling.
• Volume spiked in the midday sell-off, but turnover failed to confirm the move, suggesting potential divergence.
• RSI approached oversold territory, hinting at possible short-term rebound or consolidation ahead.
• Bollinger Bands showed moderate widening, reflecting increased uncertainty and possible range expansion.

PundiX/Tether (PUNDIXUSDT) opened at 0.3260 on 2025-09-14 at 12:00 ET and closed at 0.3128 on 2025-09-15 at 12:00 ET, with an intraday high of 0.3288 and a low of 0.3110. Total volume over the 24-hour period was 518,660.4, and notional turnover was approximately 165,259 USDT.

Structure & Formations

The 15-minute chart revealed a strong bearish bias, with a clear breakdown from key resistance levels around 0.3265–0.3275, followed by a sharp decline below 0.3245 and 0.3230. A bearish engulfing pattern emerged around 20:30 ET on the 15-minute chart, confirming downward momentum. The price found short-term support at 0.3230, but failed to hold it, breaking down to 0.3145. A doji formed around 01:15 ET, signaling indecision before the extended sell-off.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages both trended downward, with price consistently below both, reinforcing the bearish bias. Daily (24-hour) averages showed the 50-period line at ~0.3250, the 100-period at ~0.3260, and the 200-period at ~0.3280. Price closed well below all three, suggesting continued bearish momentum unless a strong reversal occurs.

MACD & RSI

MACD remained bearish throughout the 24-hour period, with the histogram showing increasing negative divergence in the late afternoon and into the evening. RSI dropped sharply to 35 by 10:00 PM and approached 28 by 12:00 AM, suggesting oversold conditions. This may imply a short-term bounce, but strong bearish momentum remains in place.

Bollinger Bands

Volatility expanded significantly during the midday sell-off, with Bollinger Bands widening to ~0.0025 in width by 1:30 PM. Price closed near the lower band at 0.3128, indicating bearish exhaustion or a potential consolidation phase. The narrowing of bands in the morning suggested a period of consolidation before the sharp selloff.

Volume & Turnover

Volume peaked at ~218,603.0 in the early hours of 2025-09-15, coinciding with the sharp price decline to 0.3195 and 0.3178. Notional turnover mirrored this, with a large spike in the 15-minute interval around 08:15–08:30 ET. However, price continued to decline after this peak, indicating that volume failed to confirm the strength of the move—suggesting potential exhaustion or distribution.

Fibonacci Retracements

Fibonacci levels applied to the recent 15-minute swing from 0.3288 to 0.3110 showed price reaching the 61.8% level at 0.3174 before breaking down further. On the daily chart, key retracement levels from the broader 0.3300–0.3110 range sit at 0.3207 (38.2%) and 0.3156 (61.8%), which could offer potential short-term support or trigger further selling.

Backtest Hypothesis

A potential backtest strategy could involve using a MACD crossover (12,26,9) and RSI (14) below 30 to trigger a short signal, with a stop-loss placed above the 50-period moving average and a target at the next Fibonacci retracement level. Given the recent move to oversold territory and the bearish structure, this setup could provide a favorable risk-reward profile for short-term traders, particularly if price fails to retest the 0.3170–0.3180 range.