Pundi X Price Prediction: 2024, 2025, 2030

PUNDIX price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart pointed to $0.32 to be the lowest price floor.
• On the upside, $1 can likely prove to be the highest resistance level.

2. Market sentiment

• The market has been observed to be slightly bullish in May 2024.

3. Predictive forecasts

• Our AI/ML predictive models forecast the average price of PUNDIX at $100 in 2030 and $4,000 in 2035.

Get valuable insights on PUNDIX via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

PUNDIX technical analysis: Threat of a downtrend looms large

As enthusiasm for digital currencies grows, so does the interest in exploring different options. In this context, Pundi X's price prediction for 2024 and beyond becomes a vital tool for investors looking to understand and navigate the promising but unpredictable cryptocurrency market.

May marked a period of struggle during which PUNDIX fell below $0.40. The downtrend continued, pushing the price to its lowest support at $0.32 in June. A rally emerged mid-month, which managed to briefly claim the previous resistance by mid-July. 

However, it was met with renewed selling pressure, leading to a continuation of declines. The token eventually reached its lowest support again by mid-August. The bulls stabilized the price at this level for about a month, giving them time to regroup and initiate another upward attempt. This effort resulted in the price rising above $0.40 by the end of October.
 

Thereafter, the price solidified $0.50 as a support base in November. This level served as a ground as the bulls tested the $0.59 resistance. Nevertheless, the price faced rejection, triggering a downturn. 

This was indicative of stabilization following an overextended market. Notably, by January, the bulls managed to stop further declines at the resistance-turned-support level of $0.40. This level acted as a springboard for a stronger uptrend in February, which saw the price fly past $0.59 in March. Subsequently, the price tested peak resistance within the analyzed time frame at $0.80.

Thus, PUNDIX entered a phase of consolidation, with the price oscillating between these levels. This initial attempt to break past this level led to a minor retracement, which was stopped at the current support. The bulls remained resilient as April saw another attempt. 

This was quite contrary to the broader market movement, which saw major declines in several altcoins this month. Nonetheless, the retest resulted in a similar outcome. At the time of writing, the asset was trading at $0.60, staying close to its current support. This latest downturn may be attributed to market exhaustion. 

Now, the market's future hinges on the outcome of this consolidation phase. If the buyers lose strength, the price could break down below the current support level, potentially finding respite at $0.50. A further drop to the $0.40 level can likely turn the trend bearish.

Conversely, if the bulls replicate previous successes, leading to a bullish breakout, the price may retest and attempt to surpass the $0.80 resistance. Surpassing this level could set $1 as the bulls’ next target, although significant resistance is expected at this higher level.

Our predictive models' future forecasts for PUNDIX are quite bullish. They forecast an average price of $100 by 2030 and an impressive jump to $4,000 by 2035. These forecasts suggest significant growth and optimism about the future valuation.

PUNDIX's 2024 roadmap: Key indicators to watch and trade

• The Bollinger Bands displayed a minor expansion as the price approached the lower band in June. Subsequent downward movements led to sight contractions in the bands, with the price consistently staying below the 20-week Moving Average (MA) until mid-October.
• The following bull run led the price to surpass not only this MA but also the upper band between late October and November, further broadening the bands. The bands converged as the price fell below the MA between mid-January and late February. 
• This was reversed as the candles crossed the upper band between March and April. As the analysis concluded, the price positioned itself below the upper band but remained above the MA. These movements indicated the asset's overbought condition and subsequent price corrections aligned with market expectations for stabilization.
• The Awesome Oscillator (AO) fell below the zero line in mid-May and remained in negative territory until late October. The indicator began to lose momentum in December as its positive values declined. This trend turned around in February when the values started rising exponentially. 
• At the time of writing, the AO stood at 0.1633. Although this represented a slight decline from previous highs, it still indicated a dominant bullish sentiment in the market.
• The trading volume remained low until October 2023, after which it experienced a slight recovery coinciding with rising prices. This recovery was slightly dampened as the price faced rejection. However, the volume spiked again from March to April. Despite another rejection leading to a drop in volume, it did not fall to previous bearish lows.