Market Overview for PundiX/Tether USDt on 2025-09-05

• PundiX/Tether USDt opened at $0.3193 and closed at $0.3115, with a 24-hour high of $0.3209 and low of $0.3031.
• Momentum shifted midday as RSI dipped into oversold territory before a modest rebound.
• Volatility expanded after 00:00 ET, with a sharp decline in price and increased volume.
• Bollinger Bands showed a contraction before a breakout, indicating potential trend continuation.
• Turnover spiked early in the 24-hour window but declined as price stabilized.

The PundiX/Tether USDt (PUNDIXUSDT) pair opened at $0.3193 on 2025-09-04 at 12:00 ET and closed at $0.3115 on 2025-09-05 at 12:00 ET, with a high of $0.3209 and a low of $0.3031. The total volume traded over the 24-hour period was approximately 12,083,865.0, and the total notional turnover was around $3,802.40.

Structure & Formations

The price structure over the last 24 hours displayed a bearish bias, particularly in the overnight session where a sharp decline led to a strong support level forming around $0.3115. This level saw several candles forming near or below it, including a bearish engulfing pattern and a hammer candle that may signal a potential reversal or consolidation. A key resistance level appears at $0.3153, where multiple rejections and a doji candle formed in the afternoon of the prior day.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have been trending lower, with the 50-period lagging behind the 20-period line, indicating bearish momentum. On the daily chart, the 50-period MA is near $0.3145, while the 100-period MA sits at $0.3160 and the 200-period MA at $0.3175, suggesting a possible continuation of the downward trend.

MACD & RSI

The MACD line crossed below the signal line around 01:00 ET, confirming a bearish crossover, and both lines remained in negative territory through the remainder of the 24-hour period. The RSI dropped to 26, reaching oversold territory, before rebounding slightly to 37. This suggests that while downward momentum is strong, there may be limited room for further declines without a reversal signal such as a bullish divergence or a failure swing.

Bollinger Bands

Bollinger Bands contracted between 03:00 ET and 04:00 ET before expanding rapidly as the price broke out to the downside. At the close of the 24-hour period, the price was near the lower band, indicating that volatility remains elevated and that the pair could remain range-bound or continue to trend lower if the support at $0.3115 holds.

Volume & Turnover

Volume and turnover surged around midnight as the price moved sharply lower, with the largest single 15-minute candle (amount 1) showing 994,741.0 volume and a price drop from $0.3126 to $0.3083. This suggests strong selling pressure at the time. However, volume has remained relatively low since the afternoon of the prior day, indicating limited conviction in the ongoing downtrend.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing high at $0.3209 and low at $0.3031, key levels include 38.2% at $0.3137 and 61.8% at $0.3090. The price found some temporary support at the 61.8% level but failed to close above it. This suggests that further bearish pressure could target the $0.3070–$0.3050 range for the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position at the close of a candle that breaks below the 20-period moving average, with a stop-loss placed just above the most recent swing high. A take-profit could be set at the next Fibonacci retracement level or the lower Bollinger Band. Given the recent bearish momentum and oversold RSI reading, this setup may offer a favorable risk/reward profile, particularly if volume remains supportive and the key support at $0.3115 holds.

The pair could continue to trend lower in the coming 24 hours if selling pressure persists and the support at $0.3115 fails to hold. Investors should watch for a bullish reversal signal or a breakout above the $0.3153 resistance level to assess a potential trend shift. As always, risk management is essential due to the volatile nature of crypto markets.