POND prices rise 40% over the last week to retest the bearish breakout of the rising channel pattern. Will the retest reversal break under $0.0068? Key technical points: The market price has increased 12.20% over the past 24 hours. The retest phase faces opposition from the 50-day SMA. The 24-hour trading volume of Marlin is $22.61 Million, indicating a hike of 17.10%. Past Performance of POND POND prices show a failed a rising channel as the selling pressure increased over the weekend breaking under the support trendline. The supply dump on 11th June pushes the price lower to the bottom support at $0.071 where the lower price rejection starts a retest phase. Source- Tradingview POND Technical Analysis POND prices showcase a higher price rejection in the retest candles teasing a high likelihood of post-retest reversal. However, the fall in trading volume over the past couple of days reflects a weak bearish commitment. The crucial SMAs – 50, 100, and 200-days maintain a bearish trend with the 50-day SMA providing resistance to the retest phase. Hence, the breakout of the SMA will result in a high-momentum uptrend. The RSI slope shows a bullish trend in motion from the oversold boundary surpassing the 14-period SMA and the halfway line. Hence, the indicator reflects a boom in the underlying bullishness. The MACD indicator shows the fast and slow line struggling to sustain the uptrend but trends higher to reach the zero line. In ...
XRP Price Prediction For May 2025
