Marlin/Tether (PONDUSDT) Market Overview

• PONDUSDT opened at $0.00818, reached $0.00837, and closed at $0.00793, with a 24-hour volume of ~19.6m and turnover of ~$1.58m.
• Price action showed bearish momentum with a late-night rally followed by a morning breakdown below key support.
• RSI and MACD indicated overbought conditions in the evening, followed by bearish divergence.
• Volatility expanded during the overnight session before contracting in the morning, confirming a bearish shift.
• A key support level at $0.00802 was broken with confirmation, suggesting further downside potential ahead.

The PONDUSDT pair opened at $0.00818 on 2025-10-04 at 12:00 ET - 1 and closed at $0.00793 by 12:00 ET. The 24-hour high was $0.00837 and the low was $0.00792. Total volume for the period was approximately 19.6 million units, with a notional turnover of roughly $1.58 million. Price action was driven by a late-night push toward the 0.00837 resistance before a sharp decline in the early morning hours.

In the 15-minute timeframe, PONDUSDT appears to have formed a bearish continuation pattern after breaking through key support at 0.00802. A 20-period moving average crossed below the 50-period moving average during the morning, signaling bearish momentum. Price is currently below both the 20 and 50-period moving averages, confirming a downtrend. Resistance levels at 0.0081–0.00815 are likely to offer short-term barriers to a potential rebound.

The RSI (14) dropped below 30 during the early morning hours, signaling oversold conditions, while the MACD crossed into negative territory with a bearish crossover. This suggests weakening bullish momentum and increasing bearish conviction. Bollinger Bands showed a volatility expansion from 0.0081–0.00837 in the overnight session, followed by a contraction as price settled into a narrower range in the morning. Price is currently trading near the lower band, which may indicate a high probability of a bounce or further downside if the trend continues.

Volume spiked significantly during the overnight rally, with the largest 15-minute bar (6.6m units) occurring at 21:45 ET. Turnover also surged during this time, confirming the price move. However, in the morning, volume and turnover both declined, suggesting waning bullish participation. Fibonacci retracement levels from the overnight high to morning low suggest 61.8% at $0.00796 as a potential short-term floor. Traders may watch this level for further confirmation of a bounce or breakdown.