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Summary
• Price tested key support at 0.226 before rebounding with bullish momentum.
• Volatility expanded during overnight trading, with volume surging near 44,000.
• A potential bullish engulfing pattern formed early morning as price reversed higher.
• RSI briefly entered overbought territory mid-day, suggesting possible near-term resistance.
• Bollinger Bands widened sharply after 08:00 ET, indicating a shift in market sentiment.
The 24-hour session for PundiX/Tether (PUNDIXUSDT) opened at 0.2288 and reached a high of 0.2315 with a low of 0.2241 before closing at 0.2277. Total volume traded was approximately 1,008,669.8 units, with a notional turnover of $228,667.31.
Structure & Formations
Price action displayed a notable bounce from the 0.226 level during the overnight session, forming a potential bullish engulfing pattern as price reversed higher from that level. A minor bearish divergence emerged after 05:00 ET when price formed lower highs while RSI did not, suggesting caution.

Moving Averages and Momentum
On the 5-minute chart, the 20-period moving average crossed above the 50-period line in the morning hours, signaling a short-term bullish bias. The 50-period moving average remains above the 100-period line, maintaining a positive trend. MACD showed a bullish crossover around 08:15 ET and has since remained above the zero line, reinforcing recent buying pressure. RSI briefly hit overbought territory mid-day, hinting at potential resistance near 0.230.
Volatility and Bollinger Bands
Volatility surged following a sharp breakout from a narrowing Bollinger Band pattern around 08:00 ET, with price expanding beyond the upper band by 08:15. This expansion coincided with heavy volume and a rapid move toward 0.2306. By the morning, bands had stabilized, with price hovering around the midline, indicating a potential consolidation phase.
Volume and Turnover
Volume spiked sharply after 08:00 ET, with over 157,000 units traded in a single 15-minute interval, supporting the price breakout. Turnover also increased in line with this volume, showing strong conviction in the upward move. However, by 10:00 AM ET, volume began to taper off slightly, which may suggest a temporary pause in aggressive buying.
Fibonacci Retracements
On the 5-minute chart, price recently bounced from the 61.8% Fibonacci retracement level of the prior downward leg, suggesting a potential area of strong support. On the daily chart, the 0.224–0.228 range corresponds to key Fibonacci levels from recent declines, which could continue to influence behavior in the short term.
The market appears to be navigating a period of uncertainty, with price showing resilience at key support levels and signs of early momentum. A retest of 0.226–0.224 may be expected in the next 24 hours, with the potential for a breakout to 0.230–0.232 if buyers show strength. Investors should remain cautious, as volume has begun to moderate after the morning surge, and price could consolidate before making a definitive move.
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