**$PUNDIX /USDT: Reversal After Hitting Top?**
The PUNDIX/USDT pair has shown strong bullish momentum recently, hitting **R$98.23 (+18.16%)**, but signs of a potential reversal are emerging.
### Key Observations:
- **Price Action:** After a sharp rally, the price is now at **0.3501**, approaching the **upper Bollinger Band (0.4068)**, a classic resistance zone.
- **Indicators:** The **STOCHRSI (32.7492)** is cooling off from overbought territory, while the **MA(5)** volume is below the **MA(10)**, suggesting weakening momentum.
- **Support Levels:** The middle Bollinger Band (**0.3309**) and lower band (**0.2549**) could act as key supports if a pullback occurs.
### What’s Next?
- A break below **0.3309** may confirm a short-term reversal, targeting **0.2549**.
- If bulls defend the middle Bollinger Band, another push toward **0.4068** is possible.
**Trade Idea:** Watch for rejection at the upper Bollinger Band or a breakdown below the middle band to position for a potential reversal.
What’s your take? Are we seeing a retracement or continuation? Drop your thoughts below!