Market Overview for PundiX/Tether (PUNDIXUSDT)

Summary
• PUNDIXUSDT found support near 0.2309–0.2315 before rising to a 24-hour high of 0.2367.
• Volatility expanded in the final 6 hours with a 2.86% move and strong volume clustering around 0.234–0.236.
• RSI reached 58–60, suggesting potential for a pullback, while MACD remained positive with tightening histogram.
• A bullish engulfing pattern formed around 0.2341–0.2357, coinciding with a large $87.9k notional upsurge.
• Bollinger Bands widened past 2σ during the final push, indicating heightened speculative activity.

PundiX/Tether (PUNDIXUSDT) opened at 0.2309 on 2025-12-11 at 12:00 ET and closed at 0.2362 on 2025-12-12 at 12:00 ET, reaching a high of 0.2367 and a low of 0.2309. Total volume was 286,523.7 units, and turnover amounted to $70,564.

Structure & Formations

Price consolidation between 0.2315 and 0.2335 was followed by a breakout above 0.2350, where a prior resistance turned into support. A bullish engulfing pattern formed at 0.2341–0.2357, suggesting strong conviction in the upward move.

Moving Averages

Short-term 20/50 SMA on the 5-minute chart showed a positive cross near 0.2345, supporting the recent rally. Daily 50/100/200 SMA were not visible in the given 5-minute data, but price closed above the 20SMA at 0.2345, reinforcing bullish momentum.

MACD & RSI

MACD remained positive throughout the last 6 hours, though the histogram began to narrow, indicating waning momentum. RSI climbed to 58–60, suggesting the pair could consolidate before breaking above 0.2367 or facing a pullback to 0.2342.

Bollinger Bands

Bollinger Bands expanded sharply after 21:00 ET, reflecting increased volatility. Price closed near the upper band at 0.2362, suggesting either exhaustion or a potential continuation break above 0.2367.

Volume & Turnover

Volume surged in the final 6 hours, particularly between 00:00 ET and 05:15 ET, where over $56,500 in notional value changed hands. This was accompanied by a 6.2% rise in price, indicating strong volume confirmation.

Fibonacci Retracements

A 5-minute swing from 0.2309 to 0.2367 aligned with 38.2% and 61.8% levels at 0.2334 and 0.2350. Price stalled briefly at 0.2350 before pushing higher, indicating 0.2350 is a critical support-turned-resistance area.

The next 24 hours may see a test of 0.2367, with a potential pullback into 0.2342–0.2350 if momentum weakens. Investors should watch for confirmation above 0.2367 or a rejection at 0.2345 to gauge the pair’s next directional bias.