The silence before the storm is starting to feel uncomfortable.
PONS is around $0.5291 in the screenshot, down approximately 2.21%, and that weakness makes the support zone even more important.
This is the kind of chart where I want to see buyers prove themselves instead of assuming the market will automatically bounce.
Support watch: $0.51–$0.52
EP: $0.520–$0.530
TP1: $0.560
TP2: $0.600
SL: $0.495
The first confirmation would be a reclaim of $0.53 followed by a push toward $0.56.
If $0.56 breaks with stronger participation, $0.60 becomes the next zone on my radar.
But if $0.51 disappears, the setup loses its immediate structure.
The wider crypto market is showing stronger activity, but recent on-chain data also shows that altcoin exchange deposits have surged. That means there is more movement, not necessarily one-directional buying.
That distinction matters.
I’m not interested in pretending every red candle is an opportunity.
I’m interested in watching whether buyers actually defend the level.
PONS is sitting at a decision point.
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