Market Overview for Marlin/Tether (PONDUSDT) – November 8, 2025

• PONDUSDT opened at $0.00548, reached $0.00616, and closed at $0.00610, showing strong upward momentum.
• RSI surged past overbought levels, suggesting potential exhaustion in buying pressure ahead.
• Volume spiked significantly post-16:45 ET, confirming the recent rally but raising divergence risks.
• Price breached key 20-period and 50-period moving averages, now aligned with a bullish bias.
• Bollinger Bands widened sharply, signaling increased volatility during the rally’s peak.

Marlin/Tether’s PONDUSDT pair opened at $0.00548 on November 8 at 12:00 ET, hit a 24-hour high of $0.00616, and closed at $0.00610. Total volume reached 198,447,970.0 with $1,219,865.4 in turnover, reflecting heightened activity. The 24-hour candlestick formation showed a strong bear-to-bull reversal, with a late surge breaking above key moving averages and resistance levels.

The 15-minute chart revealed a sharp bullish trend forming from 16:45 ET onward, marked by a 119.0% volume spike and a breakout above the 50-period moving average. The 20-period MA crossed above the 50-period MA, reinforcing a bullish bias. On the daily chart, the 100-period MA remains a key support at $0.00580. The price appears to have formed a strong bullish continuation pattern, with the 0.618 Fibonacci retracement level at $0.00610 aligning with the recent high.

MACD crossed into strong positive territory, confirming bullish momentum, while RSI pushed above 70, signaling overbought conditions. This suggests a potential pullback may follow if buyers fail to defend the $0.00610 level. Bollinger Bands expanded dramatically during the last two hours of the session, indicating a high-volatility phase. Price now sits near the upper band, suggesting possible consolidation or a reversal could be on the horizon.

Looking ahead, traders may watch for a test of the $0.00610 level as a key pivot point and whether volume confirms a continuation or diverges during the next 24 hours. A failure to maintain above $0.00585 could trigger a retest of the $0.00575–0.00570 range, though the strong move above key indicators still suggests a higher probability of continued bullish bias in the near term.

Backtest Hypothesis: To assess the predictive power of overbought RSI levels for PONDUSDT, a 14-period RSI with a 70 threshold can be tested over a 21-day period. Given the recent overbought RSI surge to 77–82 during the 16:45–17:00 ET session, a backtest could evaluate how often similar signals led to a price reversal or consolidation. Historical RSI overbought events can be compared against the daily close to determine the win rate and average return. A stop-loss rule at 0.00570 could be applied for risk control. This strategy would help validate whether the recent breakout is likely to hold or face a corrective phase.