According to technical analysis :
The POND/USDT chart on a 4-hour timeframe. Hereâs the analysis in simple terms:
Key Observations:
1. Current Price: POND is trading at $0.03003, with a significant gain of 32.93%, but it has dropped 7.63% recently.
2. Volume: A large spike in volume indicates strong buying interest during the rally.
3. RSI: The Relative Strength Index (RSI) is at 70.48, which means itâs near the overbought zone. This suggests the rally may slow down or see a pullback soon.
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4. Support Levels:
$0.02665: The first key support level, which may act as a safety net during pullbacks.
$0.02324: A stronger support zone if the price drops further.
$0.01907: A major support zone that could hold during a deeper correction.
5. Resistance Levels:
$0.03590: The recent high is a key resistance level where selling pressure might increase.
$0.04000: A psychological resistance point if the rally continues.
Buy and Sell Zones:
Buy Zone:
Look for an entry between $0.026 - $0.027 during a pullback. This range is close to the 9 EMA (moving average), which often acts as dynamic support.
For safer buys, wait for $0.023 to $0.024, which is a stronger support level.
Sell Zone:
Consider selling near $0.035 - $0.036, as this area is strong resistance.
If it breaks and holds above $0.036, the next target is around $0.040.
Key Strategy:
1. Risk Management:
The price has rallied sharply, so thereâs a high chance of a pullback. Use stop-losses below $0.026 if buying in the higher zone or below $0.023 for deeper entries.
2. Next Move:
If the price consolidates above $0.030, it could aim to retest $0.035 or higher.
If it fails to hold $0.026, expect further downside correction toward $0.023.
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