The chart for $POND /USDT reflects a notable 29.72% gain, trading at $0.02824, after a strong rally. Below is the breakdown:
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📊 Market Highlights
1. Resistance Level: $0.03590 (recent peak), marking a key level for further upward movement.
2. Support Zone: $0.02581 – a critical area to maintain bullish sentiment.
3. MACD Indicator: Shows bullish momentum, but a potential convergence suggests caution as the rally could cool off.
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🚀 Trading Insights
For Long Positions: Look for entries near $0.02581 if it acts as support. A breakout above $0.03590 could lead to fresh highs.
For Short Positions: If price fails to hold $0.02581, a retracement to $0.02144 is possible.
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⚡ Market Sentiment
Momentum remains strong, but a pullback from the peak indicates profit-taking. Keeping an eye on volume and MACD crossover will provide further confirmation of trend direction.
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