While watching the market this morning, I noticed $PONS starting to climb.
Up 8.18% in 5 minutes, with the price reaching 0.4149.
Honestly, I’ve seen this kind of move plenty of times—sometimes it’s a genuine breakout, and sometimes it’s just a wick. This time, the 24-hour trading volume is $79.92 million, so that may be a useful indicator of volume.
What do you think—is this one of those genuine breakouts or just a wick?

#PONS

Highly volatile market. Please manage your risk.