$PONS In the past 24 hours, it fell by 2.54%, but this bearish candle sits between -16.26% over 7 days and +23.30% over 30 days, so its meaning is completely different. On the short-term chart, it looks like price is moving downward; stretched out to the monthly scale, it’s merely a consolidation phase after the early-September move that jumped from $0.44 to $0.91. The issue is: whichever time scale you stand on, the conclusion you see will be different.
There are two real signals in the price action. After September 6, when the price touched the monthly high of $0.9146, it compressed steadily until September 28, when volume shrank to $38M—this was the trough of this move. In early October, although price pulled back to around $0.53, volume actually rose from $38M to $58M. This suggests support at the lows; it wasn’t just a pure bearish slide. There’s still about 45% of distance to the ATH of $0.97. For those still in the market, this room implies there’s still “elasticity,” but it needs time.
What I care about more is the volume-price structure from September 4 to 6. Over three days, volume expanded from $159M to $192M—an unmistakable sign of hot money entering. The question now is whether this capital is unloading on the hillside, or whether it has already completed the first round of shakeout. If volume continues to hold in the $50–60M range over the following days, then $0.50 will very likely be an effective observation level. If it breaks below $0.50, the shakeout may need to roll back to that starting point around $0.44.
After volume contracts, the price moves sideways: there’s no panic selling, but there’s also no fresh buying power. That in itself is a reflection of disagreement.
Now when you look at $PONS , are you using a short-term perspective—watching whether $0.50 holds—or a swing perspective, waiting for a second confirmation at the monthly-candle level?
There are two real signals in the price action. After September 6, when the price touched the monthly high of $0.9146, it compressed steadily until September 28, when volume shrank to $38M—this was the trough of this move. In early October, although price pulled back to around $0.53, volume actually rose from $38M to $58M. This suggests support at the lows; it wasn’t just a pure bearish slide. There’s still about 45% of distance to the ATH of $0.97. For those still in the market, this room implies there’s still “elasticity,” but it needs time.
What I care about more is the volume-price structure from September 4 to 6. Over three days, volume expanded from $159M to $192M—an unmistakable sign of hot money entering. The question now is whether this capital is unloading on the hillside, or whether it has already completed the first round of shakeout. If volume continues to hold in the $50–60M range over the following days, then $0.50 will very likely be an effective observation level. If it breaks below $0.50, the shakeout may need to roll back to that starting point around $0.44.
After volume contracts, the price moves sideways: there’s no panic selling, but there’s also no fresh buying power. That in itself is a reflection of disagreement.
Now when you look at $PONS , are you using a short-term perspective—watching whether $0.50 holds—or a swing perspective, waiting for a second confirmation at the monthly-candle level?