Chart Analysis and Predictions: Marlin ($POND ) 🚀
The Marlin token (POND) is recording a nice progression with an increase of +9.44%, currently reaching $0.02655. This movement indicates a bullish momentum in the short term, attracting the attention of traders to this project.
Chart Analysis:
1. Key Support: At $0.02426, this level can serve as a solid base in the event of a correction.
2. Current Resistance: $0.02754 represents a point to watch to confirm a continuation of the bullish trend.
3. High Volume: The increase in volume indicates strong buying activity, often a signal of investor confidence.
Predictions for Traders:
Bullish scenario: If the price breaks the resistance at $0.02754 with high volume, it could target new highs at $0.03000.
Bearish scenario: A drop below $0.02500 could lead to a return towards $0.02426, offering a buying opportunity for longs.
Positions to take:
For day traders: Monitor resistance breakouts and use tight stops to minimize losses.
For longs: Wait for a possible pullback to support to strengthen your positions at an attractive price.
💡 The crypto market remains volatile: prudent risk management is essential to take advantage of opportunities. $POND