The $POND pair has recorded a solid 24.34% gain over the last 24 hours, currently trading at $0.02769. This price action highlights strong bullish sentiment as the token continues its upward trajectory, peaking at a 24-hour high of $0.02893.
Technical Analysis
Resistance Levels:
The immediate resistance to watch is $0.02890, where the price briefly stalled. A breakout above this level could lead the pair to test the $0.03000 psychological level, with further upside potential toward $0.03300.
Support Levels:
Key support is found at $0.02600, which served as a breakout level during the rally. A deeper retracement could bring the price back to $0.02400, which has proven to be a strong demand zone.
Volume and Momentum:
The surge in volume supports the bullish movement, with the trend indicating sustained interest from buyers. Momentum indicators suggest the possibility of consolidation before another leg upward.
Strategy and Prediction
For short-term traders, consider taking partial profits near $0.03000 while keeping stop losses below $0.02600 to protect gains. If the price sustains above $0.02890, the next targets lie at $0.03300 and $0.03500.
For long-term investors, the bullish breakout could signal the start of a broader uptrend. Accumulating at retracements near $0.02400 or $0.02600 could provide favorable risk-to-reward opportunities.
Conclusion
$POND is exhibiting strong bullish momentum with clear upward potential. Traders and investors should monitor key levels and act accordingly to maximize returns while mitigating risks.