PundiX (PUNDIX)
1. Fundamental Analysis
1.1 Introduce
Pundi X aims to bring in the next billion crypto users as it allows users to buy, sell, use cryptocurrency anywhere and anytime. Making cryptocurrency accessible to everyone. This will make Pundi X the world’s largest decentralized, offline cryptocurrency network. It is decentralized, because the ecosystem and transaction records live on the blockchain. It is offline, because our entry point is via point-of-sale (pos) devices installed in physical outlets. Pundi X seeks to bring cryptocurrency to the next billion users and help to increase the value of cryptocurrency for all users.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | PUNDIX | Market Cap | 115838478.5 |
| Name | PundiX | White Paper | -- |
| Web Site | https://pundix.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 62769000000 | |
| Supply | 62769000000 | Release Date | 2021-03-30 |
| Available Supply | 258395000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The asset demonstrates a clear downtrend from early December, characterized by decreasing price peaks and troughs. The period from December 15th to December 17th exhibited substantial selling volume with a price decrease from 0.5624 to 0.5014 which indicates strong selling pressure. However, the volume subsequently decreased as the price moved downward. December 19th to 21st shows a period of price stabilization hinting at possible consolidation.
The recent trend indicates a possible short-term upward correction characterized by higher prices and increased volume in particular on the 24th. From the 24th to 27th the price moved lower with significantly higher volume, a possible sign of distribution. Specifically, the price moved from 0.4841 on the 24th to 0.4571 on 27th before slightly bouncing on the 28th and 29th.
Since the 27th, the price has demonstrated no clear trend, with a series of small candle formations, indicative of a balance between buyers and sellers. A potential support level seems to have formed between 0.4415 and 0.4428 area where the price has bounced multiple times in the last few days. Specifically, the price bounced on the 30th and the 31st from this area.
The most recent day of 2025-01-01 shows the price closed at 0.4483 which is below most recent highs with very low trading volume, possibly suggesting buyers are hesitant to step in at higher prices but also indicates a potential slowdown in selling activity. This creates uncertainty in the short-term trend.
Overall, the dominant trend is still downward, however current price action suggests potential support is forming and there is hesitation in selling pressures. While the short-term trend is currently a consolidation phase, any significant price breaks below 0.4415 on high volume would confirm sellers’ control and further downside action. Conversely, a move upwards with sustained high volume above the recent highs of 0.485 could signify a trend reversal. However, in the absence of these clear signals, the price is expected to consolidate within the mentioned levels in the immediate short term. Further monitoring is required for confirmation. The data also suggests that the stock has low liquidity and does not seem to attract high volume trading in general. Larger volume days need to be confirmed by continued high volume and clear trend shifts to be relevant.
