#pons At the 0.4 level, three support tests were made. Yesterday, it ultimately still broke below and is currently consolidating around 0.4. The Meme platform’s launch volume and fee revenue are still steadily declining; yesterday revenue was only 140,000 U. In fact, the overall on-chain trading market’s heat is dropping too—funds are being siphoned into the secondary market’s market cap, draining liquidity. It’s not just PONS revenue decreasing; other chains are the same too, except #pump . As long as $PONS ’s coin price doesn’t bottom out, revenue will continue to probe lower until it reaches a balance point. This correction from the high has fallen by about 60%. It looks like it’s been drifting lower every day, but compared with early September’s price, it’s only down 7%. Looking at the K-line shape, the trend still falls within a normal correction range. However, after the triangle pattern broke downward at the end two days ago, the correction period will likely extend. In the future, it may continue to probe lower. But since the price has already dipped into the densely traded area from early September, that area provides some support.
We’ve now entered the bottoming zone. It’s expected that this month will determine the low of this round of correction. Next month will start choppy consolidation and base-building. In December, the coin price should gradually rebound. In the first quarter next year, it’s likely to break out into a major uptrend. Although PONS has been drifting lower, some top ecosystem coins—like $CASHCAT , HOOKR, ORBIO, BONER, and UBIK—have already stabilized and begun to rebound, even reaching new highs. After PONS probes the bottom, it should also gradually start to recover. If you have sufficient funds, you can consider phased DCA entries. If funds are tight, you can choose to wait and observe, entering only after the bottom is confirmed. For those holding perpetual contracts, be cautious to avoid getting wicked/spiked by pins. In terms of trades: I bought the 2,000 U contract below 0.4. After it broke below 0.4, I added more than 10,000 U in margin, and I set the liquidation price to be below 0.1.
#marscoin Performance is still fairly stable; it’s still consolidating around 0.11 with no new lows, so no action. #Stonk Although revenue has dropped a lot too, it still ranks in the top three. Yesterday’s big drop led me to add a few thousand U; total buys were 28,000 U.
We’ve now entered the bottoming zone. It’s expected that this month will determine the low of this round of correction. Next month will start choppy consolidation and base-building. In December, the coin price should gradually rebound. In the first quarter next year, it’s likely to break out into a major uptrend. Although PONS has been drifting lower, some top ecosystem coins—like $CASHCAT , HOOKR, ORBIO, BONER, and UBIK—have already stabilized and begun to rebound, even reaching new highs. After PONS probes the bottom, it should also gradually start to recover. If you have sufficient funds, you can consider phased DCA entries. If funds are tight, you can choose to wait and observe, entering only after the bottom is confirmed. For those holding perpetual contracts, be cautious to avoid getting wicked/spiked by pins. In terms of trades: I bought the 2,000 U contract below 0.4. After it broke below 0.4, I added more than 10,000 U in margin, and I set the liquidation price to be below 0.1.
#marscoin Performance is still fairly stable; it’s still consolidating around 0.11 with no new lows, so no action. #Stonk Although revenue has dropped a lot too, it still ranks in the top three. Yesterday’s big drop led me to add a few thousand U; total buys were 28,000 U.
