POND seems to be in an interesting phase! 🧐

What I find positive:

Short-term uptrend: Despite the red candles in the chart, the price has shown a clear upward trend in recent hours.

High volume: The high trading volume indicates strong interest in the market and could further support the uptrend.

EMA over EMA: The short-term exponential moving averages (EMA 7 and EMA 25) are above the longer-term (EMA 99), which can be a bullish signal.

RSI in neutral territory: The Relative Strength Index (RSI) is around 60, suggesting that POND is neither overbought nor oversold.

What makes me a bit cautious:

Resistance: The price seems to be struggling at the resistance around 0.02038 USDT. A breakthrough above this resistance would be a strong bullish signal.

Correction potential: After the strong rise in recent hours, a short-term correction cannot be ruled out.

In summary:

POND shows short-term bullish signals, but it is important to keep an eye on the resistance at 0.02038 USDT. A breakthrough above this resistance could lead to further price gains. However, if the resistance holds, a correction is possible.

Recommendation:

Watch the price movement: Pay attention to whether the price can break through the resistance at 0.02038 USDT.

Set stop-loss: To limit your risk, you should set stop-loss orders in case the price unexpectedly falls.

Stay informed: Follow news and developments related to POND to stay updated.