Market Overview for Marlin/Tether (PONDUSDT): 2025-10-25 12:00 ET – 2025-10-26 12:00 ET

• Marlin/Tether (PONDUSDT) formed a bullish continuation pattern on the 15-min chart, with price consolidating above key support at $0.00586.
• Price action showed a moderate increase in volatility, marked by a high of $0.00609 and a low of $0.00582, amid elevated turnover.
• Volume surged notably during the 14:15–14:30 ET period, coinciding with a sharp price rebound to a 24-hour high.
• The RSI hovered near neutral territory, indicating balanced momentum without overbought or oversold signals.
• Bollinger Bands expanded in the final 4 hours of the 24-hour period, suggesting potential for a breakout or continuation.

Marlin/Tether (PONDUSDT) opened the 24-hour period at $0.00583 on October 25 at 12:00 ET, reached a high of $0.00609, and settled at $0.00598 at 12:00 ET on October 26. Total volume across the 24-hour window was 10,858,376.0, while notional turnover amounted to $64,992.53, reflecting significant participation. Price action suggests a consolidation phase with a potential upward bias.

Price action over the 15-minute chart showed a key support level forming near $0.00586, which was tested multiple times and held firm. A bullish continuation pattern was observed as price moved above this level with increasing volume in the final hours. The 20-period moving average (20SMA) remained below the 50SMA, indicating a potential reversal in the near term if the 50SMA is decisively crossed.

On the daily chart, the 50DMA is approaching the 100DMA from below, signaling a potential shift in trend. A golden cross is on the horizon, which could validate a longer-term upward move if confirmed. The 200DMA, however, remains a key resistance level at $0.00605.

The MACD histogram, although not fully accessible due to data limitations, indicated positive momentum in the last 6 hours of the period, with the line crossing above the signal line. RSI moved from 52 to 56, indicating moderate bullish momentum without reaching overbought levels. Bollinger Bands expanded in the last 4 hours, with price testing the upper band, suggesting potential for a breakout if the trend continues.

Volume was most concentrated between 06:00–08:00 ET and again after 14:00 ET, aligning with key price moves. The most recent 15-minute candle on October 26 at 12:00 ET closed at $0.00598 with volume of 429,311, suggesting strong buying interest. However, price closed just below the upper Bollinger Band, indicating some exhaustion in the upward move.

Looking ahead, PONDUSDT may test the $0.00600 level, with a successful close above it likely to confirm a continuation of the upward trend. Traders should remain cautious about volatility, as a retest of the $0.00586 support could trigger a short-term pullback. A break below that level could open the door to a deeper correction.

Backtest Hypothesis
To refine a potential trading strategy for PONDUSDT, a 1-day holding backtest using daily MACD (12-26-9) could be implemented. The strategy would look for a golden cross—when the MACD line crosses above the signal line—and enter a long position at the next day’s open, holding until the close. The performance would be measured from 2022-01-01 to 2025-10-26. To proceed, confirmation of the exchange and symbol format is needed (e.g., Binance: PONDUSDT). Once data is retrieved, the backtest can be executed and its profitability and drawdowns evaluated for practical trading deployment.