technical analysis and trade signals for the $POND

/USDT pair based on current data:

Technical Analysis:

Current Price: $0.02745 (-8.96% in 24h)

Resistance: $0.03253 (24h High)

Support: $0.02458 (24h Low)

Trend: Short-term downtrend (-8.96% drop in 24h), indicating bearish pressure.

Volume: Moderate with 47.83M USDT traded in the last 24h, suggesting a healthy market but under some selling pressure.

Moving Averages:

MA (5): 5,809,319

MA (10): 8,267,119

The short-term moving average is below the longer-term one, suggesting further bearish momentum.

Trade Signals:

Bullish Momentum: Only if price breaks above $0.02915 (near-term resistance).

Bearish Momentum: Strong sell signal if the price moves below $0.02593 (near-term support).

Targets 🎯:

1. Target 1 (Short-Term): $0.02808 (Approaching near resistance level)

2. Target 2 (Mid-Term): $0.02915 (Potential reversal point to test resistance)

3. Target 3 (Long-Term): $0.03253 (Return to 24h high if bullish momentum resumes)

Trade Momentum:

Currently, bearish momentum dominates, but a reversal is possible if price sustains above $0.02808.

Watch for any price action near support and resistance levels for potential entry or exit points.

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