$PONS
The daily chart has finally started to show some change.
The price is still low,
but bearish MACD momentum has clearly weakened,
and a bullish divergence signal is starting to appear on the chart.
I’m mainly watching three levels:
$0.229: current support
$0.29: first resistance to reclaim
$0.17: next support in an extreme scenario
It’s too early to call this a reversal,
but at least we’re moving from “continued selling”
to “watching to see whether the price can find a floor.”
For a genuine recovery, the first thing to watch is whether it can reclaim $0.29.
$PONS ⛰️
This is not investment or trading advice.
The daily chart has finally started to show some change.
The price is still low,
but bearish MACD momentum has clearly weakened,
and a bullish divergence signal is starting to appear on the chart.
I’m mainly watching three levels:
$0.229: current support
$0.29: first resistance to reclaim
$0.17: next support in an extreme scenario
It’s too early to call this a reversal,
but at least we’re moving from “continued selling”
to “watching to see whether the price can find a floor.”
For a genuine recovery, the first thing to watch is whether it can reclaim $0.29.
$PONS ⛰️
This is not investment or trading advice.
