Market Overview for PundiX/Tether (PUNDIXUSDT) – October 3, 2025

• PundiX/Tether (PUNDIXUSDT) traded in a tight range before surging to a 24-hour high near $0.3333.
• The 15-minute chart shows bullish momentum with a strong reversal after hitting a key support near $0.3295.
• Volume spiked sharply during the morning ET rally, confirming bullish breakout above resistance.
• RSI entered overbought territory, suggesting potential pullback, while MACD shows positive divergence.
• Bollinger Bands show recent volatility expansion, indicating a possible continuation of the bullish trend.

At 12:00 ET – 1 on October 2, PUNDIXUSDT opened at $0.3216 and closed the 24-hour period at $0.3286. The pair reached a high of $0.3371 and a low of $0.3216, with a total trading volume of 1,153,591.8 units and a notional turnover of approximately $366,383. The market showed increased activity in the early morning and late afternoon ET, with clear directional shifts in price.

On the 15-minute chart, the price formed several key patterns: a bullish engulfing pattern around $0.3258, a morning star pattern near $0.3295, and a large doji around $0.3324 suggesting indecision. The 20-period and 50-period moving averages crossed above key support levels, confirming a possible bullish trend. The 50-period MA currently sits just below the 20-period MA, indicating short-term momentum favors buyers. On the daily chart, the 50-period MA is near $0.3250, while the 200-period MA sits at $0.3240—suggesting a potential retest of the 50–200 MA crossover in the coming days.

MACD shows a positive divergence as price corrected after $0.3344 but the indicator held above zero, suggesting lingering bullish momentum. RSI peaked at 75 during the morning rally and now sits around 65, indicating the pair may test resistance at the 75–80 overbought threshold again. Bollinger Bands have widened in response to increased volatility, with price currently trading near the upper band. The 20-period standard deviation is at 0.0028, suggesting elevated volatility is likely to persist.

Fibonacci retracements from the recent $0.3216 low to $0.3371 high show key levels at $0.3306 (38.2%), $0.3284 (50%), and $0.3263 (61.8%). The current price is trading near the 50% level, suggesting a potential consolidation before a further move higher. Volume and turnover are positively aligned with the price move, showing confirmation of the breakout.

Backtest Hypothesis
The proposed backtesting strategy involves entering long positions on PUNDIXUSDT when a bullish engulfing pattern forms near a 50-period MA crossover and RSI is above 50 but below 65. A stop-loss is placed below the 61.8% Fibonacci level, while a take-profit target is set at the 38.2% retracement level on a 15-minute chart. This setup appears to align with recent price action and could be tested for historical accuracy using the observed patterns from today’s session.