$POND is showing huge volatility, holding onto a 69.57% gain over the last 24 hours to trade at the 0.00156 level. Looking at the 1-hour chart in 1000069116.jpg, the asset went on an aggressive vertical run, hitting a 24h high of 0.00280 on a massive spike in buying volume.
Following that massive peak, the price has entered a sharp correction phase, dropping back down toward the 0.00156 mark on consecutive bearish hourly candles. While the overall 24h trend remains heavily up from its 0.00090 low, the immediate momentum is facing a steep cool-off. Watching for where the selling volume exhausts and finding a clear support floor will be crucial before any potential stabilization attempt.
Following that massive peak, the price has entered a sharp correction phase, dropping back down toward the 0.00156 mark on consecutive bearish hourly candles. While the overall 24h trend remains heavily up from its 0.00090 low, the immediate momentum is facing a steep cool-off. Watching for where the selling volume exhausts and finding a clear support floor will be crucial before any potential stabilization attempt.