The $POND pair is currently trading at $0.02323, reflecting an impressive +18.04% gain in the last 24 hours. The market has shown strong bullish momentum, with the price surging toward the resistance zone at $0.02515, which is the 24-hour high. However, a minor pullback is visible as the price consolidates below this key level.
Immediate support can be identified near $0.02200, which aligns with the previous breakout zone, while stronger support lies around $0.02000. Holding these levels will be crucial to sustain the bullish momentum. A breakout above $0.02515 could lead to further upside, with potential targets at $0.02650 and $0.02800 in the short term.
For traders, it is essential to remain cautious during this consolidation phase. Avoid chasing trades without proper confirmation of a breakout, and ensure stop-losses are set below key support levels to mitigate risk. Partial profit booking near resistance zones is always a prudent strategy in volatile markets.