PONS is finally showing some life after a long grind down, but the real test is still ahead.
$PONS is trading around $0.419, bouncing from the recent $0.3639 low with a strong daily move. Buyers have reacted well from the lows, but the daily Supertrend remains bearish at $0.6376, so this is still a recovery attempt rather than a confirmed reversal.
My map:
Current: $0.419
Support: $0.38–$0.40
Key support: $0.3639
Resistance: $0.475–$0.50
Major resistance: $0.61–$0.64
Target 1: $0.50
Target 2: $0.60
Target 3: $0.64+
The level I’m watching is $0.475–$0.50.
If PONS can reclaim that zone and start holding it as support, the recovery gets much more credible and the $0.60–$0.64 area comes into focus.
For now, I like the reaction from $0.3639, but I want to see higher lows and a proper resistance reclaim before getting too confident.
The bounce is real. Now PONS needs to prove it can turn the bounce into a trend.
#Write2Earn #pons
$PONS is trading around $0.419, bouncing from the recent $0.3639 low with a strong daily move. Buyers have reacted well from the lows, but the daily Supertrend remains bearish at $0.6376, so this is still a recovery attempt rather than a confirmed reversal.
My map:
Current: $0.419
Support: $0.38–$0.40
Key support: $0.3639
Resistance: $0.475–$0.50
Major resistance: $0.61–$0.64
Target 1: $0.50
Target 2: $0.60
Target 3: $0.64+
The level I’m watching is $0.475–$0.50.
If PONS can reclaim that zone and start holding it as support, the recovery gets much more credible and the $0.60–$0.64 area comes into focus.
For now, I like the reaction from $0.3639, but I want to see higher lows and a proper resistance reclaim before getting too confident.
The bounce is real. Now PONS needs to prove it can turn the bounce into a trend.
#Write2Earn #pons
