Market Overview for Marlin/Tether (PONDUSDT) on 2025-11-04

Summary• Price action shows a volatile pullback from 0.00522 toward 0.00507.• Momentum indicators signal a possible oversold condition at 0.00508.• Volume surged in late ET trading hours following a retest of key support.• Bollinger Bands indicate a moderate expansion in volatility.• A potential reversal pattern forms near 0.00515 during early morning ET.

The PONDUSDT pair opened at 0.00515 on 2025-11-04 and reached a high of 0.00522 before falling to a low of 0.00507. It closed at 0.00510 at 12:00 ET. The total volume for the 24-hour period was 57,687,726.0 units with a notional turnover of approximately $299,912. Price action suggests a struggle between buyers and sellers, particularly in the 5–6 AM ET and 2–3 PM ET windows.

Structure & Formations

Price action on PONDUSDT showed a key support at 0.00512, which was tested twice with bearish confirmation on the second retest. A potential hammer pattern emerged during the 12:00–12:15 ET timeframe at 0.00510–0.00511, indicating a potential reversal. Resistance levels appear clustered around 0.00515–0.00520, where a failed breakout occurred midday.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed near 0.00516, indicating bearish momentum in the afternoon. The daily 50/100/200-period SMAs showed a flattening trendline, suggesting indecision in the broader trend.

MACD & RSI

The MACD moved into negative territory in the afternoon, confirming bearish momentum. RSI hit 28 at 0.00508, signaling an oversold condition that could attract short-term buyers. However, a divergence appeared between RSI and price in the 4–6 PM ET timeframe, indicating potential further downward pressure.

Bollinger Bands

Volatility expanded significantly in the morning and again in the late afternoon, pushing price near the lower band on several occasions. Price hovered near the lower band during the 1–2 AM and 3–4 PM ET windows, suggesting possible oversold conditions that may attract a bounce.

Volume & Turnover

Volume spiked dramatically in the 5–6 AM ET period and again in the 2–3 PM ET timeframe, confirming a key support break at 0.00512 and a failed test of 0.00515. Notional turnover reached $15,179 during the 2–3 PM ET session, suggesting increased participation during key price levels.

Fibonacci Retracements

The 0.382 and 0.618 retracements of the 0.00515–0.00522 swing (0.00518 and 0.00514, respectively) were tested multiple times. Price stalled near 0.00514–0.00515, indicating strong resistance at the 61.8% level.

Backtest Hypothesis

A potential one-day holding strategy could be based on the hammer pattern identified at 0.00510–0.00511 on the 12:00–12:15 ET candle. If confirmed by a follow-through rally beyond 0.00515, the pattern could be used to signal a long entry. For a backtest, the hammer pattern must be precisely defined in historical data—ideally with a specific exchange and symbol, such as BINANCE:PONDUSDT or KUCOIN:POND-USDT. If the data for this symbol is unavailable or incomplete, an alternative file with pre-flagged hammer patterns can be used to ensure accuracy.