$PONS The price pulled back 4.31% over 15 minutes and is now at 0.3316. There are two possible scenarios:
① It consolidates on lower volume and climbs back above the starting point of the drop → this was probably a sentiment-driven sell-off
② The rebound lacks strength and the price breaks below the 24-hour low of 0.2827 → the downtrend may continue
Personally, I’d rather wait to see how strong the first rebound is before drawing a conclusion. Cast your vote in the comments: bullish or bearish?
#PONS
The above is a compilation of publicly available information. Please verify it for yourself.
① It consolidates on lower volume and climbs back above the starting point of the drop → this was probably a sentiment-driven sell-off
② The rebound lacks strength and the price breaks below the 24-hour low of 0.2827 → the downtrend may continue
Personally, I’d rather wait to see how strong the first rebound is before drawing a conclusion. Cast your vote in the comments: bullish or bearish?
#PONS
The above is a compilation of publicly available information. Please verify it for yourself.