$PONS is finally showing a stronger reaction from the lower range, with buyers stepping in after the recent decline.
Price is up around 10% near $0.2249, but the bigger picture still needs improvement. The daily Supertrend remains bearish at $0.3092, so this move needs follow-through before calling it a trend reversal.
Levels worth watching:
Support: $0.20–$0.187
Immediate resistance: $0.232
Next resistance: $0.25–$0.27
Major trend reclaim: $0.309
A breakout above $0.232 could give the recovery more room, while losing $0.187 would weaken the setup.
Buyers have made a decent start. Now the focus is on whether they can build a proper base.
#pons
Price is up around 10% near $0.2249, but the bigger picture still needs improvement. The daily Supertrend remains bearish at $0.3092, so this move needs follow-through before calling it a trend reversal.
Levels worth watching:
Support: $0.20–$0.187
Immediate resistance: $0.232
Next resistance: $0.25–$0.27
Major trend reclaim: $0.309
A breakout above $0.232 could give the recovery more room, while losing $0.187 would weaken the setup.
Buyers have made a decent start. Now the focus is on whether they can build a proper base.
#pons
