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Summary
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Marlin/Tether (PONDUSDT) opened at $0.00408 at 12:00 ET − 1 and reached a high of $0.00417 during the session, with a low of $0.00408. It closed at $0.00413 by 12:00 ET the next day. Total 24-hour volume was ~22.5 million, and turnover stood at ~$93,000.
Structure & Formations
Price action formed a shallow bullish reversal at $0.00413 following a key spike at $0.00417. A potential support level appears near $0.00411, where a bearish close after a strong volume bar suggests a possible pause. No strong candlestick patterns like engulfing or doji emerged, though the session ended with indecision.
Moving Averages
On the 5-minute chart, price hovered above the 20-period MA but dipped below the 50-period line, showing short-term volatility.

MACD & RSI
MACD remained flat, indicating no strong directional momentum. RSI hovered near 50 throughout most of the session, with no overbought or oversold readings emerging, signaling a consolidation phase.
Bollinger Bands
Volatility expanded in the second half of the session, with price reaching the upper band at $0.00417. The subsequent pullback into the mid-band suggests traders are waiting for clearer direction.
Volume & Turnover
Turnover spiked during the 17:45 ET candle as price pushed higher, but volume tailed off afterward. A divergence between volume and price could signal a potential reversal risk if the same pattern persists tomorrow.
Fibonacci Retracements
A recent swing from $0.00408 to $0.00417 shows price retreating to the 61.8% level (~$0.00411), which appears to be a key area to watch for potential support or rejection.
Looking ahead, traders may watch for a break above $0.00417 for continued bullish momentum or a drop below $0.00411 for bearish confirmation. As always, volatility remains high, and sudden moves are possible with small catalysts.
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