Pundi X[new] (PUNDIX) Technical Analysis 2021 for Crypto Traders
Pundi X is a cryptocurrency that is designed to be used in the point-of-sale market. The company boasts a number of features, including zero transaction fees and the ability to buy cryptocurrencies with fiat currency.
The npxs price prediction 2025 is a technical analysis for the cryptocurrency Pundi X[new]. It provides a forecast of the future value of the coin.
We utilize historical data, price analysis, RVOL, MA, and other information about PUNDIX to evaluate the cryptocurrency’s future trajectory in Technical Analysis 2021 by Pundi X[new] (PUNDIX).
Pundi X is a prominent blockchain device developer whose blockchain-based point-of-sale system aims to revolutionize the retail industry. Through its blockchain, the system allows merchants and retail consumers to perform immediate in-store transactions.
The blockchain solution was created in 2017 and released in January of this year. The first point-of-sale system in the world is ICO. Pundi X has successfully introduced retail services like as XPOS, XWallet, and XPASS, as well as the world’s first blockchain mobile phone BOB, after the successful launch of its ICO.
Current Market Situation for Pundi X[new] (PUNDIX)
The PUNDIX price is now trading at $1.62, with a 24-hour trading volume of $33,855,672 according to CoinGecko. PUNDIX, on the other hand, has fallen 0.9 percent in the past 24 hours.
In addition, there are 258,484,530 PUNDIX coins in circulation. PUNDIX trades on Binance, FTX, Upbit, Gate.io, and HitBTC at the moment.
Pundi X[new] (PUNDIX) Technical Analysis 2021
Pundi X[new] (PUNDIX) is currently ranked 138th on CoinGecko. PUNDIX may reach new heights as a result of recent improvements and enhancements. Let’s take a closer look at the PUNDIX technical analysis for 2021. Pundi X[new] (PUNDIXdaily )’s time frame chart is given below.
Higher High and Higher Low Pattern in PUNDIX/USDT (Source: Tradingview)
An uptrend occurs when the peaks and troughs on a chart rise. Higher highs and lower lows characterize the rise in prices. Prices that were regarded as highs in the preceding era are now much higher than they were before the uptrend started.
Not only do the highs end up being greater, but the preceding period’s lows acquire value and end up being higher as well. This tells a trader that prices are increasing and the total value is growing, signaling that it’s time to sell and profit before the downturn begins.
PUNDIX is now trading at $1.59. PUNDIX may then continue to fall or climb in the direction of the breakout. With this pattern, PUNDIX may soon hit the $5.61 resistance level. PUNDIX’s price may fall below $0.57 if the trend reverses.
RSI Pundi X[new] (PUNDIX)
PUNDIX’s relative strength index (RSI) is shown in the chart below.
RSI PUNDIX (Source: TradingView)
The RSI is still at 65.9%, as seen in the chart above. This indicates that PUNDIX’s price is almost overbought. This demonstrates the need of traders trading cautiously, since a big price reversal may occur.
RVOL Pundi X[new] (PUNDIX)
PUNDIX’s Relative Volume is shown in the graph below. It’s a metric that shows traders how the current trading volume has evolved over time in comparison to the prior trading volume.
RVOL PUNDIX (Source: TradingView)
PUNDIX’s RVOL is now below the cutoff line, indicating the weaker players in the current trend.
Moving Average Pundi X[new] (PUNDIX)
The chart below depicts PUNDIX’s Moving Average (MA). MA aids traders in identifying patterns.
PUNDIX is now in a bullish trend. PUNDIX, on the other hand, is trading above the 50 MA (short-term) and has a good probability of going higher. Furthermore, the PUNDIX price is above the 50 MA and the 200 MA (long-term), indicating that it is fully bullish. Furthermore, there is always the potential of a trend reversal.
Price Comparison of Pundi X (PUNDIX) vs Bitcoin
The price comparison between PUNDIX and BTC is shown in the graph below.
Chart comparing the prices of PUNDIX and BTC (Source: TradingView)
The trend of the BTC can be seen on the chart, and PUNDIX is going in lockstep with the trend. This means that when the price of Bitcoin rises or falls, the price of PUNDIX rises or falls in lockstep.
With the continuous development and improvements to the PUNDIX platform. Pundi X[new] has a bright future in the cryptocurrency industry. PUNDIX, on the other hand, has the potential to soar to new heights.
PUNDIX price forecast for 2021 is $3.16. As previously said, it has the potential to achieve tremendous heights, but it may also reach $5.61 if investors believe that PUNDIX is a solid investment in 2021.
What exactly is PUNDIX?
Pundi X is an Ethereum token that aims to make it simpler for consumers to purchase products and services using cryptocurrency. The development team intends to provide point-of-sale devices to merchants that accept Pundi X tokens as payment.
PUNDIX is available for purchase at the following locations.
Binance, FTX, Upbit, Gate.io, and HitBTC are just a few of the cryptocurrency exchanges that have PUNDIX listed.
Will PUNDIX soon set a new high?
With the PUNDIX platform’s continuous advancements and enhancements, it has a good chance of achieving its ATH shortly.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.