Market Overview for PONDUSDT on 2025-11-07

Summary
• PONDUSDT formed a bullish breakout with a high of $0.00569 and closed at $0.00529.
• Strong volume growth confirmed momentum, especially during the morning ET session.
• Key resistance at $0.00532 and support at $0.00527 were tested multiple times.
• RSI showed signs of overbought conditions near the peak, indicating potential pullback.
• Volatility remained high, with a 13% range between the session high and low.

The Marlin/Tether (PONDUSDT) pair opened at $0.00507 on 2025-11-06 at 12:00 ET, rose to a high of $0.00569, and closed at $0.00529 on 2025-11-07 at 12:00 ET. The total volume for the 24-hour period was 193,776,309.0, with a total turnover of $1,024,925. The price action displayed strong bullish momentum, particularly in the early morning hours.

Structure & Formations

Price formed a bullish breakout from a consolidation range, with a key breakout candle opening at $0.00534 and closing at $0.00552. A bullish engulfing pattern was observed around 10:30 ET. Key resistance was identified at $0.00532, $0.00542, and $0.00569, while strong support was seen at $0.00527 and $0.0052.

Volatility and Bollinger Bands

Bollinger Bands showed a clear expansion during the morning session, with price breaking above the upper band at one point. This expansion indicated rising volatility. The 20-period Bollinger Bands were wide, and price tested the upper boundary multiple times before retracting.

Volume & Turnover

Volume spiked significantly during the 10:30–11:45 ET window, reaching a peak of $44.76 million in turnover, with over 84.7 million in volume. This high-volume breakout confirmed the bullish momentum. Later in the session, volume declined as price retracted toward key support levels.

Moving Averages

On the 15-minute chart, price closed above both the 20-period and 50-period SMAs, confirming a bullish bias. On the daily chart, the 50-period SMA is at $0.00529, slightly below the current close, while the 200-period SMA is at $0.00507, offering potential long-term support.

MACD & RSI

The MACD line crossed above the signal line near the peak of the session, confirming the bullish breakout. RSI reached overbought territory at 72, suggesting a possible short-term pullback. However, divergence was not observed between price and RSI, indicating continued strength.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute swing from $0.00534 to $0.00552, 61.8% retracement levels were hit at $0.00542–$0.00543. On the daily chart, retracement levels from the recent consolidation suggest possible support at $0.00527 (61.8%) and $0.00521 (38.2%).

Backtest Hypothesis

The MACD crossover and RSI divergence could be used to construct a backtesting strategy for PONDUSDT. A long entry could be triggered on a bullish MACD crossover (MACD line above signal line) and confirmed by an RSI reading above 50. A stop-loss could be placed below the nearest Fibonacci support level or key 15-minute swing low. A take-profit could be set at the next Fibonacci or resistance level. Given the high volume and confirmed breakout, this strategy appears to have strong potential on a 15-minute time frame.

Looking ahead, PONDUSDT may test the next resistance at $0.00542–$0.00543 if bullish momentum persists. However, a pullback to key support at $0.00527 remains a risk, especially if RSI fails to confirm further strength. Investors should monitor volume for signs of fading conviction.