Market Overview: PundiX/Tether (PUNDIXUSDT) – 24-Hour Analysis

• PundiX/Tether declined 28.8% over the last 24 hours with a sharp bearish reversal from 0.3133 to 0.2972.
• Price broke below key support at 0.307 and tested the 0.300–0.2995 zone, with a doji at 0.2999 suggesting potential indecision.
• Volume surged to 635,849.6 on the 15-min chart, indicating heightened interest during the selloff.
• RSI reached 23, suggesting oversold conditions, while MACD turned negative with bearish divergence.
• Bollinger Bands showed a recent expansion, reflecting rising volatility and potential for a bounce or continuation.

Price and Volume Summary

PundiX/Tether (PUNDIXUSDT) opened at 0.3131 on 2025-09-24 at 12:00 ET and closed at 0.3016 on 2025-09-25 at 12:00 ET, after hitting a high of 0.3133 and a low of 0.2972. The 24-hour trading volume reached 635,849.6, with a notional turnover of approximately $185,905.83. Price action shows a significant bearish reversal, with volatility increasing and momentum turning bearish.

Structure & Formations

Price broke through key support levels at 0.307 and 0.3015, with a bearish engulfing pattern emerging at 0.3007–0.3012. A doji at 0.2999 suggests potential consolidation or a pause in the bearish move. Fibonacci levels indicate 0.3015 as the 61.8% retracement of the recent downleg, and a potential bounce or rejection could be seen from the 0.2972–0.2995 range.

Key Resistance and Support Levels

Resistance appears at 0.3015–0.302, followed by 0.3035 and 0.307. Support levels to watch include 0.2995, 0.298, and 0.2955. The 0.2972 low may act as a short-term floor if the bearish momentum slows.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs show a bearish crossover, with prices sitting below both. The daily chart SMAs (50, 100, 200) are also bearish, with the 200-day MA likely below the 100-day and 50-day, reinforcing the downward trend.

MACD and RSI

MACD has turned negative, with the signal line crossing below it, suggesting bearish momentum. The histogram shows increasing bearish strength. RSI is in oversold territory at 23, which could either indicate a short-term bounce or further consolidation. A failure to hold above 25 could signal prolonged weakness.

Bollinger Bands

Bollinger Bands show a recent expansion, indicating increased volatility. Prices have spent most of the period in the lower band, suggesting a strong bearish trend. A close above the middle band would be a positive sign for a short-term rebound, while a break below the lower band may trigger further bearish momentum.

Volume and Turnover

Volume spiked dramatically between 02:00 and 04:00 ET as the pair dropped from 0.301 to 0.2995. Turnover increased in tandem, confirming the bearish move. However, a divergence appears as volume dropped during the 08:00–10:00 ET period despite a minor price rebound. This may suggest a lack of follow-through and continued bearish pressure.

Fibonacci Retracements

The 61.8% retracement of the recent downleg is at 0.3015, which coincides with key support. A bounce from this level could test the 0.3035 and 0.305 levels before encountering resistance at 0.307. On the 15-minute chart, the 38.2% level at 0.3023 has been tested multiple times, suggesting a potential temporary support.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions on a confirmed break of the 0.3015–0.3023 Fibonacci and RSI level, with a stop above 0.305. Given the bearish momentum confirmed by MACD, RSI, and volume, this setup may offer a favorable risk/reward ratio. The use of Bollinger Bands and moving averages can help confirm the entry and identify exits when the trend shows signs of weakening.