Home
News
- 1 Marlin price is reversing from the 200 EMA level and heading towards the 50 EMA Level.
- 2 POND price grew by almost 21% last week, suggesting that buyers are back in the game.
Marlin stands as a cutting-edge protocol designed to enhance the infrastructure of DeFi and the emerging Web 3.0 with its high-performance, programmable network. Within this network, specialized nodes known as Metanodes harness the power of MarlinVM. This virtual machine acts as a virtual router, granting developers the flexibility to implement bespoke network overlays and conduct computations at the network’s edge.
Marlin’s vision is to fulfill the decentralized web’s potential, creating blockchain-secured applications that rival the performance of traditional Web 2.0 services, making them seamless for the end-user.
Technical Analysis of The POND Crypto
Pond crypto price has been trading in a downward direction for a prolonged time. The price halted near $0.04286 and is heading downwards. However, the price bounced back from the 200 exponential moving average and headed towards the 50 EMA but got rejected from there.
The trend direction of the Marlin price is not bullish or bearish, according to the Marlin price forecast. Investors may want to wait for multiple technical signals to determine the trend direction. The POND price shows a slightly rising green candle, suggesting that buyers are being drawn into the demand zone.
Currently, investor sentiment towards the Marlin price is uncertain and may remain negative unless buyers up their activities. The odds are in favor of the bulls, according to the technical indicators and price action.
On the daily chart, the price of Marlin cryptocurrency is expected to attract buyers toward the upper trend line of the consolidation phase. Meanwhile, the Marlin cryptocurrency price is attempting to climb towards the upper levels.
The Marlin cryptocurrency price increased by roughly 16.70% in a week, but it fell by 23.32% over the a month. Furthermore, POND cryptocurrency’s price has gone up by about 67.28% in the past three months and approximately 170.81% in the past six months.
The Marlin crypto price is currently moving within a price range. To break out of consolidation, the Marlin cryptocurrency price needs to start going up, but it also requires buyers to enter the market for it to enter the recovery phase. Currently, Marlincryptocurrency trading is above both 200-day and 100-day moving averages.
The technical indicators suggest that the Marlin cryptocurrency is in a consolidation phase. The Relative Strength Index (RSI) shows that the Marlin crypto’s momentum is going sideways. The RSI is currently at 45 and is heading towards the oversold territory.
The MACD confirms the consolidation phase of Marlin cryptocurrency’s price. The MACD line is positioned above the signal line and is waiting for a crossover of some sort. Investors in Marlincryptocurrency should wait for a change in direction on the daily chart.
Summary
The price of Pond cryptocurrency has been decreasing for a while, but it bounced back from the 200 exponential moving average. The Marlin cryptocurrency’s trend direction is not clearly bullish or bearish, and investors may want to wait for multiple technical signals to determine the trend direction. Currently, investor sentiment towards the Marlin price is uncertain, but the odds are in favor of the bulls. The Marlin cryptocurrency’s price is expected to attract buyers towards the upper trend line, but it needs to start going up and requires buyers to enter the market for it to enter the recovery phase.
Technical Levels
Support Levels: $0.02102
Resistance Levels: $0.02757
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
