Marlin/Tether (PONDUSDT) Market Overview

• PONDUSDT rose from 0.00758 to 0.00805, closing at 0.00798.
• Key resistance appears at 0.00805 with support at 0.00778.
• Volume surged during 18:30–19:45 ET, confirming bullish momentum.
• RSI reached overbought territory, suggesting a potential pullback.
• Bollinger Bands show recent expansion, indicating increased volatility.

Marlin/Tether (PONDUSDT) opened at 0.00758 on 2025-10-09 at 12:00 ET and closed at 0.00798 on 2025-10-10 at 12:00 ET, reaching a high of 0.00805 and a low of 0.00758. Total volume over the 24-hour period was 46,974,168.0 with a notional turnover of approximately $372,291 (using close prices). The pair showed a clear bullish bias with several notable patterns and volume confirmations.

1. Structure & Formations

The 15-minute chart displayed a strong bullish trend, with multiple bullish engulfing patterns and a key breakout above the 0.00800 level. Notable support levels include 0.00778 (tested multiple times) and 0.00765, while resistance levels include 0.00805 (most recent high) and 0.00809. A doji at 0.00801–0.00803 suggests indecision and potential consolidation in the near term.

2. Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upwards, confirming the bullish momentum. Price remained above both, with the 50-period lagging slightly. On a daily scale, the 50, 100, and 200-period moving averages also leaned bullish, with price trading comfortably above them.

3. MACD & RSI

The MACD showed a positive divergence, with the histogram expanding after the 18:30 ET period, indicating growing bullish momentum. RSI reached overbought territory above 70 for extended periods, suggesting the pair may face a short-term pullback or consolidation phase. However, the sustained RSI above 60 signals continued buyer dominance.

4. Bollinger Bands

Volatility increased significantly during the 18:30–19:45 ET period, with price moving closer to the upper band. Bollinger Band expansion is typically associated with strong directional moves. Currently, price sits near the upper band at 0.00805, suggesting a possible reversal or continuation could occur depending on volume and order flow.

5. Volume & Turnover

Volume spiked between 18:30–19:45 ET and again between 00:00–00:45 ET, confirming the bullish breakout and continuation. The highest single 15-minute turnover occurred at 18:30 ET (7.96 million volume), with a closing price at 0.00784. Price and turnover were aligned, indicating genuine buying pressure and no divergence.

6. Fibonacci Retracements

Applying Fibonacci levels to the key 0.00758–0.00805 swing on the 15-minute chart, the 61.8% retracement level is at 0.00786, which has acted as both support and resistance. The 38.2% retracement at 0.00776 has also been tested multiple times, reinforcing its significance. On the daily chart, Fibonacci levels from the recent swing high to low suggest potential support at 0.00765 and resistance at 0.00812.

7. Backtest Hypothesis

The described backtesting strategy could be applied to the recent bullish breakout at 0.00784 and 0.00801. A potential entry would have been triggered during the 18:30–19:45 ET period, when the bullish engulfing pattern formed and volume surged. Stops could have been placed just below key support at 0.00778, with targets aligned to the 0.00805 high and the 0.00812 Fibonacci resistance. The strategy appears to align well with the observed price action and volume confirmation, suggesting it may be a viable approach for future setups in this pair.