Market Overview: Marlin/Tether USDt (PONDUSDT)

• PONDUSDT surged from $0.0083 to $0.00865 in the last 24 hours, closing at a high near $0.00858.
• Volatility increased as the price moved above 38.2% Fibonacci retracement and key resistance levels.
• On-balance volume and turnover aligned with upward momentum, confirming bullish bias.
• RSI reached overbought territory, suggesting potential near-term pullback or consolidation.
• Bollinger Bands widened during the late ET session, indicating rising market activity and expectation.

Price and Volatility Summary

Over the past 24 hours, Marlin/Tether USDt (PONDUSDT) opened at $0.0083 on September 9, 2025 at 12:00 ET, surged to a high of $0.00869, and closed at $0.00858 on September 10 at 12:00 ET. The total 24-hour volume was 19,892,400.0, with a notional turnover of approximately $168,312. The pair displayed rising volatility throughout the session, with a sharp rally from mid-ET onwards. This price action appears to reflect increased bullish sentiment and accumulation.

Structure & Key Levels

The candlestick pattern over the 15-minute chart showed a series of bullish consolidation and breakout formations. A strong bullish engulfing pattern formed between 09:30 and 09:45 ET, confirming a key support level at $0.00846. Resistance levels at $0.00852 and $0.00860 were sequentially breached. A potential short-term support zone now lies around $0.00853–$0.00857, while the next resistance may emerge near $0.00865–$0.00870. These levels align with Fibonacci retracements from the recent $0.0083–$0.00869 swing.

Moving Averages and Momentum

On the 15-minute timeframe, the 20-period and 50-period moving averages have both trended upward, with price consistently holding above both, suggesting continuation of the bullish momentum. The RSI reached overbought territory (above 65) late in the session, signaling potential for a pullback or consolidation phase. The MACD remains positive with rising histogram bars, reinforcing the strength of the recent upward thrust.

Volatility and Bollinger Bands

The Bollinger Bands expanded significantly during the late ET hours as the price surged past key Fibonacci and moving average levels. Price closed near the upper band in the final hour, a sign of heightened volatility and potential continuation. However, the expansion may also suggest a short-term overextension, increasing the risk of a reversion toward the mid-band.

Backtest Hypothesis

The described backtesting strategy aims to capture momentum in low-volume altcoins like PONDUSDT by entering long positions during confirmed breakouts above key moving averages and Fibonacci levels, with stops placed just below recent lows. Given the current price action, this strategy would have triggered a buy signal around $0.00846–$0.00847 when the bullish engulfing pattern emerged, with a stop-loss near $0.00835. A take-profit target would be aligned with the 50% Fibonacci level at $0.00855 and the 61.8% level at $0.00863–$0.00864. The trade would remain active as long as price stays above the 20-period MA and RSI remains above 50, with a trailing stop enabled to lock in gains during a consolidation phase.