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$POND POND/USDT Technical Analysis & Targets 🎯
Market Overview:
Current Price: 0.02386 USDT
24h Change: -6.06% (≈ Rs 6.64)
24h High: 0.02579 USDT
24h Low: 0.02331 USDT
24h Volume:
POND: 310.58M
USDT: 7.59M
Technical Insights:
The POND/USDT pair is facing downward pressure, nearing its 24h low. With a significant volume of 310.58M POND traded, the pair might experience volatility near support and resistance zones.
Support Level 1: 0.02330 USDT (Immediate support)
Support Level 2: 0.02250 USDT (Long-term support)
Resistance Level 1: 0.02450 USDT (Near-term resistance)
Resistance Level 2: 0.02580 USDT (24h high and key breakout level)
🎯 Target Levels:
1️⃣ Target 1: 0.02450 USDT
Rationale: A minor resistance level, breaking above it may indicate short-term recovery.
2️⃣ Target 2: 0.02580 USDT
Rationale: Previous 24h high; crossing this level can lead to bullish momentum.
3️⃣ Target 3: 0.02700 USDT
Rationale: Psychological level and upper trendline resistance.
Indicators:
MA(5): 3,043,643 – Reflects short-term bearish trend.
MA(10): 4,877,501 – Indicates medium-term selling pressure.
Depth Analysis:
AVL: 0.02388 – Highlights immediate support on the order book.
BINANCE Depth: Trading activity is concentrated between 0.02351 and 0.02579, showing both buyer and seller activity.
Trading Strategy:
For Bulls: Look for a bounce from the 0.02330 support zone to target 0.02450 and 0.02580.
For Bears: Watch for a breakdown below 0.02330 to target 0.02250 or lower.
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