$POND

🚀 POND/USDT Technical Analysis: January 6, 2025 📉

Looking at the recent price action of POND/USDT, the pair has shown a solid increase of +5.76% today, with current trading at 0.02644 USDT. With its range of movement between 0.02440 and 0.02853, let's dive into the analysis to set three potential price targets for this pair.

🔍 Key Levels to Watch:

1. Target 1: 0.02853 USDT (24h High)

If bullish momentum continues, we may see POND testing the 24h high of 0.02853, which is the first major resistance level. A break above this level could signal further upside movement.

2. Target 2: 0.02722 USDT (Intermediate Resistance)

A retracement back to this level after testing the high might offer traders an entry point. It has shown good support recently, and if it holds, we might see upward movement again.

3. Target 3: 0.02440 USDT (24h Low)

In the case of a downturn, this 24h low level will act as strong support. If POND fails to hold above this level, it could see further downward pressure.

🔑 Key Indicators:

Volume: The 24-hour volume of 509.80M POND and 13.58M USDT suggests strong market interest.

Moving Averages (MA): The MA (5) at 9.38M and MA (10) at 18.72M indicate moderate to strong buying interest.

🔗 Stay updated and keep an eye on the market for more insights!

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