Market Overview for Marlin/Tether (PONDUSDT)

Summary
• Price drifted down from 0.00438 to 0.00426 amid moderate volume, with key support near 0.00425.
• Momentum weakened through the RSI, with 24-hour low near oversold territory.
• Volatility remained contained, as price stayed within Bollinger Bands midweek.
• Volume spiked twice during the sell-off, confirming bearish pressure around 0.00425.
• A long lower shadow candle at 0.00425-0.00421 suggests possible short-term support.

Market Overview

Marlin/Tether (PONDUSDT) opened at 0.00437 on 2025-12-13 12:00 ET, reached a high of 0.00441, dipped to a low of 0.00421, and closed at 0.00426 by 2025-12-14 12:00 ET. Total volume was 19,416,109.0, and turnover amounted to approximately 81.44.

Structure & Formations

Price activity over the past 24 hours displayed a descending consolidation pattern, with a key resistance forming near 0.00438 and strong support emerging at 0.00425. A long lower shadow candle at 0.00425-0.00421 indicates a rejection of further downward movement, suggesting buyers may defend this level. No major bullish candlestick patterns emerged, but bearish pressure was confirmed during the late evening sell-off.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages were both below the current close, indicating a short-term bearish bias. Longer-term averages (e.g., daily 50/100/200) would need more context but appear aligned with the broader downtrend.

Momentum & Volatility

The RSI moved into oversold territory (around 27-29) near the 24-hour low at 0.00421, indicating a potential short-term bounce. MACD remained in negative territory, with bearish divergence. Volatility remained stable, and price stayed within Bollinger Bands, with no major expansion or contraction observed.

Volume & Turnover

Volume was notably higher during the late evening (ET) and early morning sell-off, particularly during the candle at 0.00425-0.00421. This aligns with the price rejection observed at that level.

Notional turnover increased alongside the price decline, confirming the bearish bias rather than signaling divergence.

Fibonacci Retracements

Applying Fibonacci levels to the most recent 5-minute swing (0.00441 to 0.00421), price is currently near the 78.6% retracement level, suggesting potential for further sideways consolidation or a pullback toward 0.00425. Daily retracements would require broader context but indicate a possible test of key support zones in the next 24 hours.

PONDUSDT appears to have settled into a consolidation phase, with 0.00425 acting as a potential short-term floor. While the RSI suggests oversold conditions, confirmation of a reversal would require a sustained break above 0.00438. Investors should remain cautious of further downside risk in the near term.