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- 1 The POND crypto is experiencing a surge of 1.26% in the last 24 hours, and CMP is trading at $0.02330.
- 2 The RSI is above the 50 level, indicating that the POND price is in positive territory. The price is above 20 and 50-Day EMAs.
The past price action of the POND price exhibits that the price advanced from the demand zone from $0.00750 to $0.02800 around October 2023. However, due to the supply region at the top level price failed to advance more which caused a drop down in price in price and formed a support at $0.02200.
Overall, it has illustrated good performance last month, and quarter by 55.93%, and 123.05% respectively, signifying a tremendous upward trend in the past sessions.
Can Marlin Crypto Show a Bullish Streak?
The Marlin crypto asset is exhibiting bullish opportunities and displays it can seek more price advancement in the upcoming sessions.
However, the Marlin price has illustrated a sign of turnaround and showing buying strength of a vital level of around $0.02200 on the chart and showing that the buyers are sustaining at this level.
The Marlin crypto is ready for a sensational surge for the upside, as it is getting ready to unleash the potential to topple the resistance level and soar to new zeniths from the current base zone.
The technical oscillators for Marlin crypto price are displaying that the crypto asset is in upward momentum, as it is above the zero line. MACD is at 0.00201, the signal line is at 0.00213, and the histogram is at -0.00013.
The RSI is above the 50 level, indicating that the POND price is in the positive territory and shows that could grow more in the upcoming sessions.
At the time of publishing, the POND crypto is experiencing a surge of 1.26% in the last 24 hours, and CMP is trading at $0.02330.
Therefore, if the demand surges with momentum, the Marlin asset price could keep on advancing and could manifest a strong rally to retest the supply zone from the current support, and by breaking $0.02800, it could stretch beyond as well.
On the flip side, if the POND asset price fails to sustain above the $0.02200 level, it could reach lower levels and could stretch up to the demand zone as well.
Summary
The price action and technical parameters of the Marlin price suggest the continuation of the uptrend, reliant on the buyer’s surge, over the daily time frame chart. POND is bullish as per RSI and MACD.
Technical Levels
Support Levels: $0.02200
Resistance Levels: $0.02800
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
