Pons Gains 0.89% as Daily Closes Stay Within $0.218-$0.298 Range

Pons (PONS) gained 0.89% over 24 hours. On the daily chart, it has not closed outside the $0.218-$0.298 range.

A daily close below $0.218 would mark a continuation of the decline. A close above $0.298 would signal a potential bullish shift, but would not alone establish an uptrend; the analysis also points to stronger demand and on-balance volume (OBV) moving above local highs as supporting signals.

Open interest rose 0.84%, funding rates were positive, and spot cumulative volume delta (CVD) increased over the weekend. OBV struggled to approach local highs, indicating weak buying pressure. The $0.25-$0.27 area remains an overhead supply zone.

TokenPost previously covered PONS’s slide below $0.34 after an 8.52% 24-hour decline on Oct. 17.