$PONS experienced a sharp drop of over 20% down to test the $0.413 support level, triggering an extreme 4H RSI (6) reading of 16.8 into deep oversold territory.
Despite the heavy sell-off, fundamental development remains active following the founder's announcement of an upcoming Social Trading feature. The severe indicator exhaustion indicates selling volume is drying up, creating strong technical conditions for a relief bounce toward $0.48 – $0.51. However, holding above the $0.40 – $0.41 baseline is critical to prevent further breakdown toward lower levels.
#PONS #Altcoins!
Despite the heavy sell-off, fundamental development remains active following the founder's announcement of an upcoming Social Trading feature. The severe indicator exhaustion indicates selling volume is drying up, creating strong technical conditions for a relief bounce toward $0.48 – $0.51. However, holding above the $0.40 – $0.41 baseline is critical to prevent further breakdown toward lower levels.
#PONS #Altcoins!
