PONS saw $5.0311K in long liquidations near $0.52315, highlighting meaningful downside pressure around this zone. The key support area is $0.51–$0.52, where buyers need to defend price to prevent another breakdown. On the recovery side, $0.54–$0.56 is the first important resistance zone. If PONS reclaims $0.56 with strong volume, the next upside target comes around $0.59–$0.61. Failure to hold $0.51 could shift momentum back toward the sellers and create another liquidation wave. For now, the cleaner setup is waiting for confirmation around support rather than chasing the first bounce after the liquidation event.
Not financial advice. DYOR.
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