- Pundi X liquidity sweep confirms bearish reversal with downside targets set near $0.2902 and $0.2806.
- Long/short ratios reveal traders remain heavily skewed to longs, risking liquidation if $0.30 breaks.
- Trading volume surged 74.66%, yet price consolidation reflects selling pressure absorbing buy-side liquidity.
Pundi X is facing growing bearish pressure as liquidity sweeps, long-biased positioning, and volume spikes converge, leaving downside targets exposed. Market data suggests a fragile setup where sellers continue to dominate despite brief intraday recoveries.
Liquidity Sweep and Market Structure Shift
The Pundi X ($PUNDIX/USDT) 4-hour chart reveals a bearish reversal pattern that began with a sweep of external liquidity near $0.3421. This move trapped buyers at higher levels before price shifted sharply lower, showing clear displacement to the downside.
Crypto Patel (@CryptoPatel) noted that the current weekly high at $0.3282 remains unbroken, confirming seller strength. Price now oscillates below this level, reflecting supply dominance and an inability for bulls to reclaim higher ground.
A rejection block sits around $0.3150, which has become a crucial area for potential short positioning. Price retracements into this zone are seen as optimal entry points for sellers aiming at deeper liquidity targets.
Downside Liquidity Targets and Risk Zones
Unmitigated liquidity pools remain open below the current market. Sell-side liquidity at $0.2902 and a deeper draw on liquidity near $0.2806 are prime downside objectives. These levels serve as natural magnets for price continuation.
Price trades around $0.3050, as of the time of writing, after falling -0.22% in the past 24 hours. The intra-day fluctuations between $0.3013 and 0.307 are compressed indicating that a decisive move will soon take place when support or resistance is broken.
In case the $0.30 handle does not support, liquidations might cascade and further the bearish trend. Stops clustered below this threshold may trigger a rapid sweep toward the $0.295–$0.292 region.
Market Data and Sentiment
Trading volume has surged 74.66% in 24 hours, reaching $8.68 million. Despite higher activity, the price structure remains flat, implying sellers continue to absorb demand. This pattern often signals liquidity traps that precede sharper moves lower.
The long/short ratio data reveals crowding on the long side. Binance shows a ratio of 1.5615, while top traders hold an even stronger bias with 1.9507. OKX traders also lean long at 1.469. Such skewed positioning often precedes downside pressure as markets punish overleveraged longs.
Social sentiment adds to the technical picture. Analyst Bithereum_io suggested $PUNDIX is trading inside a symmetrical triangle on the daily chart. A confirmed breakdown below $0.30 would validate the bearish case, while only a sustained move above $0.3150 could spark a short-term squeeze.
