$PONS Update: The Analysis Played Out as Expected
Yesterday, we highlighted the resistance zone around $0.35–$0.36, and #pons is once again reacting around that area.
Price has recovered strongly from the $0.28 region, but sellers are still making this resistance difficult to break.
Now, I’m watching for a clear rejection that could send PONS toward $0.31 again. A clean breakout above resistance would change the setup.
Yesterday, we highlighted the resistance zone around $0.35–$0.36, and #pons is once again reacting around that area.
Price has recovered strongly from the $0.28 region, but sellers are still making this resistance difficult to break.
Now, I’m watching for a clear rejection that could send PONS toward $0.31 again. A clean breakout above resistance would change the setup.