Down 3.24% in 24 hours. Looking at this candlestick alone, $PONS seems to be making another ordinary little pullback. But zoom out to the 30-day chart, and you’ll see that this month it slid all the way from $0.91 to $0.39—a 53% drop. That 24-hour fluctuation is just one pixel on a much larger downward curve.
A 26% drop in seven days has pushed its near-dead bounce back down again. Looking back, the brief rally after $0.72 on September 8 was just a struggle along the way down. What concerns me more is liquidity: today’s trading volume is 39M, down nearly 80% from 180M in early September. At this price, the volume is coming from the handful of funds still willing to enter and keep $PONS on life support—not from a recovery in market consensus.
Its ATH was $0.97, and its market cap is now $270 million. It needs a narrative that can bring it back to where it was a year ago; two bullish candlesticks won’t be enough.
So here’s the question—which timeframe are you trading? If you’re a short-term trader, $0.38–$0.39 is your level to watch; a break below that means the next support zone. If you’re swing trading, you’ll need to wait for it to reclaim $0.50 and hold above it for three days before you can call it a convincing bottom signal. That’s a decisive difference—which side are you on?
A 26% drop in seven days has pushed its near-dead bounce back down again. Looking back, the brief rally after $0.72 on September 8 was just a struggle along the way down. What concerns me more is liquidity: today’s trading volume is 39M, down nearly 80% from 180M in early September. At this price, the volume is coming from the handful of funds still willing to enter and keep $PONS on life support—not from a recovery in market consensus.
Its ATH was $0.97, and its market cap is now $270 million. It needs a narrative that can bring it back to where it was a year ago; two bullish candlesticks won’t be enough.
So here’s the question—which timeframe are you trading? If you’re a short-term trader, $0.38–$0.39 is your level to watch; a break below that means the next support zone. If you’re swing trading, you’ll need to wait for it to reclaim $0.50 and hold above it for three days before you can call it a convincing bottom signal. That’s a decisive difference—which side are you on?