$PONS Social buzz surged to #1, but the market kept drifting lower. At 01:00, nearly 5M in massive volume broke through 0.211; consecutive down candles pushed it to 0.203, with the current price hovering around 0.207.
OI contract counts are still rising, while notional value is down about 10% over 24h—a falling price with positions piling up looks more like buyers catching the fall and stubbornly holding on. RSI has dropped to 28, and the MA20 is still capping the price at 0.223. Don’t treat a weak rebound as a bullish signal unless it gets back above 0.220. Not investment advice.
#PONS #Trending
OI contract counts are still rising, while notional value is down about 10% over 24h—a falling price with positions piling up looks more like buyers catching the fall and stubbornly holding on. RSI has dropped to 28, and the MA20 is still capping the price at 0.223. Don’t treat a weak rebound as a bullish signal unless it gets back above 0.220. Not investment advice.
#PONS #Trending
