- PUNDIAI struggles to reclaim resistance after failed attempts near $9.50 and $8.90
- Price hovers near $8.00 support as selling pressure mounts and volume surges sharply
- RSI nearing oversold zone signals a possible short-term bounce despite bearish momentum
Pundi AI (PUNDIAI) finds itself under intense market pressure as the token drops 13.77% over the past 24 hours. Priced as of press time at $8.20, the coin continues to struggle following a failed breakout above the $9.50 mark.
The steep fall, paired with surging trading volume, points to a volatile mix of profit-taking, panic selling, and possibly whale-induced moves. Investors are watching closely as PUNDIAI flirts with critical support levels that may determine its short-term direction.
Resistance Zones Remain Stiff Amid Pullbacks
The $9.50 to $9.53 range remains a major ceiling for PUNDIAI. It attempted a breakout here but lacked enough momentum. Several brief pullbacks around the $9.20–$9.30 zone also failed to hold, indicating intermediate resistance. Additionally, the $8.75–$8.90 band saw another failed rebound effort, reinforcing bearish control.
Each of these resistance levels shows clear rejection, suggesting that buyers lack the confidence to sustain upward moves. Hence, for a bullish reversal to begin, the token must first reclaim the $8.75 zone and push past $9.00 decisively.
Support Slipping Closer to Risk Zone
At the time of analysis, PUNDIAI trades around $8.20, a short-term support level. Consolidation is taking place, but the floor appears shaky. The psychological level of $8.00 looms just below and may serve as a final line of defense. A drop beneath this could open the path to deeper correction, especially given the lack of clear support zones further down.
With 7.05 million tokens circulating out of a max supply of 18.93 million, supply dilution remains a concern. More tokens entering the market could amplify downward pressure unless met with growing demand.
Indicators Reflect Weak Momentum, But Possible Bounce Nears
Technical signals echo the current bearish mood. The MACD histogram sits in negative territory with a bearish crossover still active. Although the decline in momentum has slowed, there’s no clear signal of a trend reversal yet.
The RSI stands at 38.00, drifting closer to oversold territory. While not yet at extreme levels, the reading suggests a potential bounce could emerge soon. Historically, prices often react near this zone, though timing such moves remains uncertain.
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