$PONS is currently testing a crucial support zone around $0.588, holding steady along the ascending trendline on the 1D chart after pulling back from its recent swing high of $0.775. With moving averages showing consolidation and volume tightening, the price action is setting up for its next major move.
Will $PONS rebound off this trendline support toward $0.70+, or are we heading lower to test the $0.49 demand zone? ⁉️
Let me know your thoughts in the comments! 👇
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