The $POND /USDT pair on Binance is showing strong bullish momentum, with Marlin (POND) trading at 0.01065 USDT (Rs3.02), reflecting an impressive +30.04% gain. This surge indicates heightened buying pressure, as the price has moved significantly above its recent lows. The 24-hour range stretched between 0.00813 USDT and 0.01160 USDT, demonstrating both volatility and strong upward momentum. High demand is also visible in the trading activity, with a substantial 24-hour volume of 2.95B POND, matched by 30.30M USDT, suggesting increased market participation.
From a technical perspective, the moving averages confirm the bullish trend. The MA(7) at 0.01056 is already trading above the MA(25) at 0.00975 and the MA(99) at 0.00847, forming a short-to-long-term upward alignment, often referred to as a bullish crossover. This setup strengthens the outlook for continued upside potential, though traders should be cautious of pullbacks near resistance levels after such a sharp rally. If momentum holds, POND could attempt to retest its recent high of 0.01160 USDT, while strong support appears around 0.00975 USDT.