In this Pundi X technical analysis, we will examine the current price action, trading volume, key levels and indicators for PUNDIX-USDT. Pundi X is a leading decentralized blockchain platform that enables the creation of a new generation of financial services and applications. With its innovative approach to point-of-sale transactions, Pundi X is revolutionizing the way businesses interact with their customers, providing a seamless and secure experience for both parties. By leveraging the power of blockchain technology, Pundi X is set to transform the financial landscape and empower individuals and businesses alike.
Pundi X Price Overview:
As of May 16, 2024, Pundi X is trading at approximately 0.5852 USDT. Let’s dive into the detailed price action for PUNDIX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.5998 |
| High (H) | 0.613 |
| Low (L) | 0.5804 |
| Close (C) | 0.5852 |
| Volume (C) | 1,500,337.70 |
- Open (O): The opening price for today’s trading session was approximately 0.5998 USDT.
- High (H): Pundi X reached a daily high of around 0.613 USDT.
- Low (L): The daily low for PUNDIX-USDT was approximately 0.5804 USDT.
- Close (C): At the time of analysis, Pundi X is trading near its daily close of 0.5852 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.45% |
| 3D Change (%) | 0.93% |
| 7D Change (%) | -6.28% |
| 30D Change (%) | 2.08% |
| 90D Change (%) | 31.86% |
| YTD Change (%) | 22.09% |
Over the past three days, PUNDIXUSDT has risen by approximately 0.93%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -6.28%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PUNDIXUSDT maintaining an upward trend of approximately 2.08%, despite intermittent fluctuations. Examining the last 90 days, PUNDIXUSDT has witnessed substantial increase of approximately 31.86%, reflecting strong long-term confidence. Year-to-date, PUNDIXUSDT has steadily appreciated by around 22.09%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Pundi X Live Chart:
You can access a live price chart for PUNDIX-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.56955.
- Momentum score is -0.12865.
PUNDIX USDT Technical Analysis
Pundi X Trading Volume:
The trading volume for Pundi X (PUNDIX) over the past 24 hours has been insignificant, with approximately 1,500,337.70 USDT traded against PUNDIX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): PUNDIX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Pundi X is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PUNDIX-USDT is currently in the neutral zone, around 47.34837. This suggests that Pundi X is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Pundi X (PUNDIX-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore Pundi X’s (PUNDIXUSDT) potential challenges at 5.85e-01 USDT as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.