Marlin/Tether Market Overview: Strong Bullish Momentum and a Key Resistance Test

Summary
• PONDUSDT broke out above 0.004 on strong volume, forming a bullish engulfing pattern.
• RSI climbed into overbought territory, suggesting momentum could consolidate.
• Volatility expanded during the session, pushing price near the upper Bollinger Band.

Marlin/Tether (PONDUSDT) opened at 0.00393 on 2025-12-23 at 12:00 ET, hit a high of 0.00405, and closed at 0.00396 by 12:00 ET on 2025-12-24. Total volume for the 24-hour period was 60.1 million POND, with a notional turnover of approximately $240,000.

On the 5-minute chart, PONDUSDT formed a bullish engulfing pattern as it reversed above 0.00401 on high-volume action.

The price pushed higher through 0.00403, with RSI reaching overbought levels (above 70) during the peak of the rally. This suggests momentum may be maturing and could face pullback pressure.

Bollinger Bands reflected increased volatility, with price reaching the upper band in the early hours of 2025-12-24 before consolidating slightly. Volume remained above average for most of the session, with no significant divergence observed between price and turnover.

Fibonacci retracements on the 5-minute swing from 0.0039 to 0.00405 identified key levels at 0.00401 (38.2%) and 0.00404 (61.8%), which were tested and briefly held. The daily chart shows PONDUSDT trading above both 50-period and 200-period moving averages, reinforcing an uptrend bias.

Looking ahead, a break of 0.00405 could signal further bullish momentum, while a pull back to the 0.00401–0.00403 range may see consolidation. Investors should remain cautious of potential overbought conditions and short-term volatility.