$PONS The most eye-catching thing today isn’t that -21.15% red candle—$0.420, already down -56.74% from ATH. A single day dropping this much is definitely scary. But if you only stare at this one candlestick, you might miss the more critical structure.
Look at its volume 30 days ago: around $0.91, it was trading roughly $200M in volume per day. In the process, yes, the price is falling—but even after dropping to this level today, there’s still $47M of volume. Compared with Oct 2’s $31.72M, volume increased. What does that mean? What I’m paying attention to is this: it doesn’t look like a no-volume, slow bleed after a contraction; instead, there are signs that a notable sell order near $0.42 is being absorbed.
That level isn’t something maintained by sentiment alone. With 159 holders and a market cap of $286M, it can’t just be kept up by emotion.
What I care about more is the line at $0.40. In the short term, if price doesn’t form a consolidation platform around here, but instead quickly rebounds with increased volume and reclaims $0.50, then today’s red candle would just be a shakeout. If the bounce also lacks strength and the volume shrinks back under $30M, then below $0.35 could become the new normal.
So I want to ask everyone: what variable is most likely to overturn this “there’s capital absorbing it” judgment? Is it the broader market weakening dragging it down, or is $PONS ’s own narrative just not able to hold its defence? I really want to know—who can refute me?
Look at its volume 30 days ago: around $0.91, it was trading roughly $200M in volume per day. In the process, yes, the price is falling—but even after dropping to this level today, there’s still $47M of volume. Compared with Oct 2’s $31.72M, volume increased. What does that mean? What I’m paying attention to is this: it doesn’t look like a no-volume, slow bleed after a contraction; instead, there are signs that a notable sell order near $0.42 is being absorbed.
That level isn’t something maintained by sentiment alone. With 159 holders and a market cap of $286M, it can’t just be kept up by emotion.
What I care about more is the line at $0.40. In the short term, if price doesn’t form a consolidation platform around here, but instead quickly rebounds with increased volume and reclaims $0.50, then today’s red candle would just be a shakeout. If the bounce also lacks strength and the volume shrinks back under $30M, then below $0.35 could become the new normal.
So I want to ask everyone: what variable is most likely to overturn this “there’s capital absorbing it” judgment? Is it the broader market weakening dragging it down, or is $PONS ’s own narrative just not able to hold its defence? I really want to know—who can refute me?