PUNDIX breaks resistance at $0.30: can bulls reclaim $1?

Pundi X (PUNDIX) has spiked more than 24% as bulls extend their upside momentum above the key price level of $0.30.

The Pundi X Labs token reached an intraday high of $0.356 as of April 29, 2025.

The rally, fueled by Bitcoin’s steady hold above $94k in the past week, has traders buzzing about PUNDIX’s next move. 

PUNDIX looks to enable retail stores to accept cryptocurrency payments with artificial intelligence-powered solutions.

The Pundi X Labs team is building the future of decentralized physical infrastructure network (DePIN), SocialFi, AI.

Pundi X price rises amid bullish breakout

According to market data, Pundi X token’s daily volume has jumped 1,080% to over $85 million, indicating notable activity that could see buyers eye more gains.

With Bitcoin’s stability providing tailwinds for several altcoins, PUNDIX may be in the spotlight soon amid an explosion to above $0.63.

The altcoin’s price action aligns with the breakout from a falling wedge pattern.

In technical analysis, a falling wedge pattern signals a bullish setup.

PUNDIX token’s chart also shows a rounding bottom pattern, hinting at further upside.

This technical setup and breakout could see the DePIN project shine. 

Can PUNDIX sustain the rally?

The question now is whether PUNDIX can maintain its trajectory toward $0.63. 

Notably, the project’s fundamentals, rooted in blockchain-based point-of-sale solutions, continue to attract attention.

Strategic partnerships and real-world adoption also bolster its long-term potential and value. 

However, the crypto market’s volatility, coupled with macroeconomic headwinds like the US-China trade tensions, poses risks.

Bulls will also struggle if the altcoin hits overbought conditions. 

The RSI and MACD indicators on the daily chart show bulls are on top.

Nonetheless, the RSI is trending in overbought territory with a reading above 75.

In this case, a possible short-term pullback could materialise before the next leg up.

The $0.39 and $0.50 levels are likely to be significant resistance zones, while on the downside, traders may target $0.23 and lower.

PUNDIX price’s 24% spike and breakout potential ride Bitcoin’s coattails, as well as strong market dynamics. 

If the price of BTC breaks past $100k, a similar run for Pundi X means a rally to above $0.63 is possible.

Beyond this mark, the main resistance level could be the psychological mark of $1.

PUNDIX reached highs of $0.99 in April 2024, though it remains vastly down since hitting the all-time high of $7.14 in April 2021.