Market Overview for PundiX/Tether (PUNDIXUSDT)

Summary
• Price dipped to $0.2412 before rebounding toward $0.2474 near the 24-hour peak.
• RSI hit 58, suggesting neutral momentum with no overbought or oversold signals.
• Volatility expanded in the last 6 hours, with Bollinger Bands widening as volume surged.
• A bullish engulfing pattern formed near $0.2428, aligning with the 50-period 5-min moving average.
• Turnover spiked above $250k near the session high, confirming buying pressure.

24-Hour Performance

At 12:00 ET–1 on 2025-12-09, PundiX/Tether (PUNDIXUSDT) opened at $0.2445. Over the next 24 hours, it reached a high of $0.2481 and a low of $0.2412, closing at $0.2449 by 12:00 ET. Total volume amounted to 516,667.9, with a notional turnover of approximately $128,802.

Structure & Formations

A notable

engulfing pattern emerged around $0.2428, indicating a short-term reversal from bearish to bullish sentiment. The price then approached a key resistance level near $0.246–0.247, where it stalled and corrected slightly. A long lower shadow at $0.2412 suggests strong support in that region.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages aligned near $0.243–0.244, with the price oscillating just above and below the 50-period line. The RSI remained in neutral territory, fluctuating between 45 and 58, indicating balanced buying and selling pressure without any strong overbought or oversold signals.

Volatility and Bollinger Bands

Bollinger Bands showed a moderate expansion during the afternoon and evening, coinciding with increased volume and a sharp price rebound. The price spent most of the session within the band, but approached the upper band near $0.2481, suggesting elevated volatility in the final hours.

Volume and Turnover Dynamics

Volume increased significantly during the late afternoon and early evening, with a peak of $250,000 in turnover at $0.2474, supporting the price high. However, a divergence appeared in the early morning as volume dipped while the price drifted lower, hinting at possible profit-taking.

Key Fibonacci Levels

On the 5-minute chart, Fibonacci retracement levels from the $0.2412 low to the $0.2481 high identified a 61.8% level at $0.2453 and a 38.2% level at $0.2443, both of which saw price consolidation in the last 3 hours. This suggests potential support and resistance near current levels.

The market appears to be consolidating above $0.244, with a possible next test at the 61.8% Fibonacci level. However, a failure to close above $0.246 could invite short-term profit-taking. Investors should watch for a breakout or breakdown from this range over the next 24 hours, with the risk of renewed volatility if volume continues to expand.