#POND seems to still be in a volatile phase, but there are some interesting developments! 🧐 $POND

What I find positive:

● Support: The price seems to have found support at around 0.0201 USDT after briefly falling below it. This could be a sign that buyers are entering again.

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

● RSI in the neutral range: The Relative Strength Index (RSI) is at about 55, indicating that POND is neither overbought nor oversold.

What makes me a bit cautious:

● Downtrend: The price has shown a slight downtrend in the last few hours. It is important to observe whether the support at 0.0201 USDT holds.

● Lower volume: The trading volume is somewhat lower compared to the previous hours, which could indicate decreasing momentum.

In summary:

POND is at an important point. The support at 0.0201 USDT is crucial. If the price stays above it, a recovery could be possible. However, if the support breaks, further price losses could occur.

Recommendation:

● Watch the support: Pay close attention to whether the price can hold the support at 0.0201 USDT.

● Adjust stop-loss: If you are already invested, you should adjust your stop-loss orders to minimize your risk.

● Patience: In this volatile phase, patience is important. Avoid impulsive decisions and wait to see how the price develops.