Market Overview for PundiX/Tether (PUNDIXUSDT): 24-Hour Technical Breakdown

• PundiX/Tether (PUNDIXUSDT) traded in a tight range, with a 0.3060–0.3142 band and a late-night pullback to key support.
• Price tested 0.3132 resistance twice without a close above, indicating limited bullish momentum.
• High-volume clusters emerged near 0.3102 and 0.3081, suggesting short-term support/resistance consolidation.
• RSI signaled moderate bullish momentum during the day but oversold conditions late at night.
• Volatility expanded around 0.3102–0.3132 before contracting into a lower-volume range.

PundiX/Tether (PUNDIXUSDT) opened at 0.3055 on 2025-09-26 12:00 ET and reached a high of 0.3142 before closing at 0.3060 on 2025-09-27 12:00 ET. The pair traded between 0.3038 and 0.3142 over the 24-hour period. Total volume amounted to 837,623.5 and notional turnover was $259,171.1, showing moderate activity.

Structure & Formations

Price action on PUNDIXUSDT revealed a bearish consolidation after a short-lived bullish breakout around 0.3132. A strong resistance cluster formed near 0.3132 and 0.3102, with price failing to close above 0.3102 after multiple attempts. Notable bearish patterns included a hanging man near 0.3132 and a bearish engulfing pattern at the end of the session, indicating a likely continuation of the downward bias. Support levels at 0.3081 and 0.3060 were tested twice and held during high-volume periods, suggesting short-term stability.

Moving Averages

On the 15-minute chart, the 20-EMA and 50-EMA crossed below key swing highs around 0.3102 and 0.3132, confirming bearish momentum. The 50-EMA crossed below the 200-SMA on the daily chart, reinforcing the bearish bias. A key resistance at 0.3102 appears to align with a prior confluence of moving averages, acting as a short-term ceiling. Price has yet to reclaim this level, indicating a potential need for a larger bullish setup before reversing.

MACD & RSI

The MACD crossed into negative territory during the early morning hours and remained bearish for most of the session, with only minor bullish divergences observed late at night. RSI readings fell into oversold territory (below 30) after 03:00 ET, suggesting a potential rebound. However, the lack of strong follow-through volume and a failure to close above 0.3081 suggests the bearish bias remains intact. A sustained move above 0.3102 would be needed for a bullish reversal in both momentum indicators.

Bollinger Bands

Volatility expanded during the initial breakout to 0.3142, with price briefly touching the upper band. A contraction followed, with price consolidating between the mid and lower bands for the remainder of the session. The current Bollinger band width is moderate, indicating a transition from a high-volatility phase to a lower-volatility consolidation phase. A breakout above the upper band or a breakdown below the lower band could signal a resumption of directional movement.

Volume & Turnover

Volume spiked during the 0.3102–0.3132 range, with a total of 104,713.3 traded during key resistance tests. This suggests accumulation or distribution activity, likely from larger players. However, price failed to close above 0.3102 despite this volume, indicating indecision. The notional turnover of $259,171.1 suggests that while volume was adequate, buyers were not aggressive enough to push the price above key levels.

Fibonacci Retracements

Fibonacci levels drawn from the swing high at 0.3142 to the swing low at 0.3038 show 0.3060 aligning with the 38.2% retracement level, and 0.3081 at the 50% level. These levels were effectively tested and held, suggesting short-term support. A break below 0.3059 would likely bring the 61.8% retracement level at 0.3044 into focus as the next target, with 0.3038 being a key psychological floor.

Backtest Hypothesis

The backtesting strategy described involves using a 50-period moving average as a dynamic baseline and entering long positions when price crosses above this average with bullish confirmation from RSI (above 40) and high volume. Short positions are triggered when price closes below the 50-period MA with RSI below 60 and declining volume. Given the recent price action on PUNDIXUSDT, this strategy would have identified the key bearish divergence around 0.3102 and potentially captured the retracement from 0.3132. However, the strategy would need a clear breakout above 0.3102 and a sustained RSI above 50 to confirm a long entry, suggesting the current setup may still favor a short bias until that threshold is cleared.