#POND seems to be taking a little breather after the strong movements of the last few days. ☕ $POND

What I notice:

● Consolidation: The price is moving sideways and consolidating around 0.0199 USDT.

This is not unusual after a strong upward movement and can be a sign of

healthy development.

● Decreasing volume: The trading volume has decreased slightly compared to the previous days. This can indicate that the momentum is losing some momentum,

but is not necessarily negative.

● EMA above EMA: The short-term exponential moving averages (EMA 7 and EMA 25) continue to be above the longer-term ones (EMA 99), confirming the medium-term uptrend.

● RSI in neutral territory: The Relative Strength Index (RSI) is around 48 and

signals that POND is neither overbought nor oversold.

Possible scenarios:

● Uptrend continuation: If the price breaks the current consolidation phase upwards, the uptrend could continue.

● Correction: It is also possible that the price will correct a little more before rising again.

The support at around 0.0195 USDT could play an important role in this.

Recommendation:

● Wait and see: In this phase of consolidation, it is advisable to wait and see how the price develops.

● Keep an eye on support: Pay attention to whether the price can hold the support at 0.0195

USDT.

● Risk management: Adjust your stop-loss orders if necessary to limit your risk.