The price of Marlin (POND) shows a mix of trends this January, creating challenges for both traders and investors. While short-term indicators hint at potential rebounds, the overall trend remains under bearish pressure.
Resistance and Support Levels Shape the Trading Range
The daily chart shows POND is trading near critical exponential moving averages (EMAs). The 20-day and 50-day EMAs act as immediate resistance, with the price staying well below the 200-day EMA—an indicator of continued bearish momentum. Resistance levels are noted at $0.0244 and $0.0277, with support holding steady near $0.0181.
Shorter timeframes reinforce the bearish picture. On the 4-hour chart, POND remains in a continued consolidation phase between $0.0181 and $0.0219. Indicators such as the MACD signal declining momentum, and the Stochastic RSI points to oversold conditions. This suggests a short-term bounce is possible, but it may not shift the broader trend.
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Downtrend Dominates Weekly Analysis
On the weekly chart, POND’s trajectory reflects a clear downtrend. The key resistance level at $0.0359 underscores the token’s inability to regain ground after previous declines. The breach of trendline support further confirms the bearish continuation for January 2025.
Momentum indicators on the daily chart, including the RSI near 45, indicate weak demand and limited upward potential. While minor recoveries could occur, they are unlikely to overcome the larger bearish sentiment dominating the market.
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A drop below the $0.0181 support could lead to further declines, targeting $0.016 as the next key level. Alternatively, a breakout above $0.0219 may provide a path toward $0.0244, but strong resistance is expected along the way.
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