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

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 1:35 am ET1min read
PUNDIX
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Aime RobotAime Summary

- PUNDIXUSDT surged from $0.246 to $0.2599, forming bullish engulfing and hammer patterns near key resistance levels.

- RSI hit overbought territory (~75) while volume spiked 450% after 01:45 ET, confirming institutional buying pressure.

- Bollinger Bands widened post-05:30 ET as price broke above 0.2599 (61.8% Fibonacci retracement), signaling high volatility.

- Volume/turnover surged $21,575 in a single 5-minute candle, supporting breakout strength despite overbought conditions.

- Traders warned of potential pullbacks to 0.2578 (38.2% retracement) before resuming higher, with 0.2611 as critical resistance.

Summary
• Price climbed from $0.246 to $0.2599, forming bullish engulfing and hammer patterns near 0.257.
• RSI surged into overbought territory, while volume spiked significantly after 01:45 ET.
• Bollinger Bands widened after 05:30 ET, indicating increased volatility and breakout potential.
• Volume and turnover aligned on the rally, supporting strength in the breakout.
• Fibonacci retracement at 0.2599 suggests possible short-term resistance ahead.

PundiX/Tether (PUNDIXUSDT) opened at $0.246 on 2026-01-07 12:00 ET, surged to $0.2611, declined to $0.245, and closed at $0.255. Total volume reached 1,897,602.2, with notional turnover of $463,543.3.

Structure & Formations


The price advanced in a strong bullish trend after 01:45 ET, forming a large bullish engulfing pattern as it moved from 0.2505 to 0.2602. A hammer pattern appeared near 0.257, suggesting rejection of lower levels and potential consolidation. Key support levels at 0.2542 and 0.2523 held during pullbacks, while resistance at 0.2578, 0.2599, and 0.2611 could see renewed pressure.

Technical Indicators



The RSI surged into overbought territory (~75) as the price approached $0.2602, suggesting possible exhaustion or a pause in the rally. The MACD crossed into positive territory with a strong signal line, reinforcing bullish momentum. Bollinger Bands expanded after 05:30 ET, aligning with the breakout and signaling increased volatility.

Volume and Turnover


Volume surged significantly after 01:45 ET, coinciding with a massive price jump. A single 5-minute candle at that time saw a volume of 843,148.7, contributing over $21,575.06 in turnover. This suggests strong institutional or large-cap buyer participation. Later candles showed reduced volume, indicating possible profit-taking but still within a bullish trend.

Fibonacci Retracements


The rally from 0.245 to 0.2611 aligns with a 61.8% Fibonacci retracement at 0.2599, a key level to watch. A pullback could test 0.2578 (38.2%) before resuming higher.

PundiX/Tether appears to be in a strong breakout phase, supported by volume and technical indicators. A consolidation phase or test of 0.2611 could follow. Traders should remain cautious of overbought conditions and potential pullbacks in the next 24 hours.