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Summary
• Price moved between $0.2461 and $0.2574, with key resistance around $0.2515–0.2538 and support at $0.2464–0.2485.
• Strong bullish momentum emerged after 04:00 ET, with RSI showing overbought conditions near $0.255–0.257.
• Notional turnover surged by over 250%, with volume peaking at ~100k near 01:30–02:30 ET.
• A bullish engulfing pattern formed at $0.2499–0.2538, and a doji appeared near $0.2534.
• Bollinger Bands showed volatility expansion, with price closing near the upper band at 06:00 ET.
At 12:00 ET–1 on 2026-01-07, PundiX/Tether (PUNDIXUSDT) opened at $0.2485, hit a high of $0.2574, a low of $0.2461, and closed at $0.2547. The 24-hour volume was 926,247.3, and the notional turnover was $230,294.7.
Structure & Formations
The price developed a clear bullish trend after 04:00 ET, with a strong move from $0.2525 to $0.2574. A bullish engulfing pattern emerged between $0.2499 and $0.2538, indicating potential continuation of the uptrend. A key resistance cluster formed at $0.2515–0.2538, while support is likely to be tested around $0.2464–0.2485.

Moving Averages
On the 5-minute chart, the 20- and 50-period SMAs were both bullish, supporting the recent price action. Daily moving averages (50/100/200) also leaned upward, suggesting medium-term strength remains intact.
Momentum Indicators
The MACD showed a positive crossover, with bullish divergence in the morning hours. RSI reached overbought territory near $0.255–0.257, signaling caution about near-term pullbacks.
Bollinger Bands
Volatility expanded significantly during the 24-hour window, particularly after 01:30 ET. Price closed near the upper Bollinger Band at $0.2574, which could trigger a retracement toward the midline or the lower band.
Volume & Turnover
Volume spiked to ~100k at 01:30 ET, coinciding with the breakout above $0.2500. Notional turnover followed suit, confirming the strength of the move. Divergence between volume and price was minimal, suggesting a solid move.
Fibonacci Retracements
Recent 5-minute swings show key levels at 38.2% ($0.2525) and 61.8% ($0.2555) as potential resistance. Daily retracement levels align with the $0.2515–0.2538 cluster.
The price appears poised to consolidate above $0.2515 in the next 24 hours, with a potential test of $0.2574 if bullish momentum continues. However, traders should remain cautious of overbought RSI and possible pullbacks.
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