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You are here: Home/News/ POND’s Trendline Battle: Analyst Predicts Potential Surge
In the fast-moving world of cryptocurrency, POND is in the spotlight as well-known crypto analyst World of Charts provides important information on its future direction. In a recent post on the X platform, the analyst pointed out that POND should clear a very important trendline to keep its upward movement.
World of Charts stated that the trendline is a major resistance level for POND. This is a way to go through with the breaking of this barrier and that would in turn lead to a considerable increase in price which might eventually reach $0. 05 mark.
The post was about the technical details, and it stressed that POND has had a hard time with this trendline in the past. The previous trials to overcome it have caused the cryptocurrency to stumble, but now the market is in a situation where this could be favorable. The analyst said that the break of this trendline would be a sign of strength and open up the way for bullish momentum.
At the moment, POND is being trading at $0.02191, marking a 7.64% price increase in the last 24 hours. The market sentiment on POND has been mixed, with the recent fluctuations creating both excitement and caution among investors. The analysts’ analysis is more reliable, it implies that the traders should be even more alert to the trendline. The next few trading days would show whether POND could find the needed power to break through this resistance.
The analyst also talked about the wider consequences of this possible escape. A successful hack could draw the attention of new investors and thus, increase the trading volume which in turn would raise the price even more. Nevertheless, the expert cautioned that if token did not break through the trendline it would be in a consolidation phase where coin could just go sideways or even face downward pressure.
Since the market is keeping a close eye on it, in the next few days we will know if coin can penetrate and go towards $0.05 target is it going to be enough, or will it need another rally in the near future. The World of Charts’ analysis is a beacon for many in the crypto world who are trying to figure out the POND’s market movements.
After a Donald Trump 2024 flag was seen flying on a New York post office flagpole on Memorial Day, an investigation has been launched, according to a local media report.
According to the Times Union newspaper in Albany, New York, the Trump flag was hung under the U.S. flag and the POW/MIA flags at the Delmar post office “for a short time” before it was removed later on Monday morning.
Albany’s CBS 6 TV station reported that local police “say they have reached out to the Office of the Postal Inspector, pending investigation.”
Flags in support of former U.S. President Donald Trump fly outside of Manhattan Criminal Court as Trump attends the first day of his trial for allegedly covering up hush money payments linked to an extramarital…
AFP/Getty Images
Newsweek emailed the the Bethlehem Police Department on Monday night for additional details. This article will be updated with any provided statements.
The flag was reportedly spotted by attendees of the Memorial Day Parade in nearby Bethlehem, New York. Photos of the Trump flag flying at the post office were shared with the Times Union by an unnamed source.
The Hatch Act, a federal law passed in 1939, “limits certain political activities of federal employees, as well as some state, D.C., and local government employees who work in connection with federally funded programs,” according to the U.S. Office of Special Counsel.
The law’s purposes are to “ensure that federal programs are administered in a nonpartisan fashion, to protect federal employees from political coercion in the workplace, and to ensure that federal employees are advanced based on merit and not based on political affiliation. ”
“The flag in question was placed there by an unknown individual, David Walton, Director of Public Relations for the U.S. Postal Service told Newsweek via email Tuesday afternoon. The flag’s placement was not authorized by the United States Postal Service and was subsequently removed.”
Meanwhile, approximately 150 miles south of the Delmar post office, Trump’s criminal trial in Manhattan is coming to a close this week after over four weeks of testimony.
The former president and presumptive 2024 Republican nominee is facing 34 charges in connection to a payment made to adult film star Stormy Daniels to allegedly keep quiet about an affair she said they had. Prosecutors claim that Trump falsified business records to conceal his involvement in the payment, which was made by Trump’s former personal attorney, Michael Cohen, during the 2016 presidential election.
Asian shares advanced on Thursday after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction.
The optimism came from a report showing U.S. consumers had to pay prices for gasoline, car insurance and everything else in April that were 3.4% higher overall than a year earlier. While that’s painful, it’s not as bad as March’s inflation rate of 3.5%.
The slowdown was a relief after reports for the consumer price index, or CPI, earlier this year had consistently come in worse than expected. Wednesday’s report built on expectations that the Federal Reserve might cut its main interest rate this year, the major preoccupation for most investors.
In Asian trading, Tokyo’s Nikkei 225 index gained 0.8% to 38,676.83 even after the government reported that the Japanese economy contracted at a 2% annual rate in the January-March quarter.
Hong Kong’s Hang Seng index rose 1.6% to 19,369.06 and the Shanghai Composite index added 0.5% to 3,134.97.
In Australia, the S&P/ASX 200 advanced 1.6% to 7,874.70 while South Korea’s Kospi climbed 0.8% to 2,751.32.
A person passes an entrance to the Wall Street subway station in New York on Wednesday, May 15, 2024. Trading on Wall Street is muted early ahead of the U.S. government’s latest reports on inflation and retail sales. (AP Photo/Peter Morgan)
Banners for Pinterest, displayed to mark the fifth anniversary of the company’s listing, hang on the front of the New York Stock Exchange in New York on Wednesday, May 15, 2024. U.S. stocks are rising toward records with hope that inflation is heading back in the right direction. (AP Photo/Peter Morgan)
Taiwan’s Taiex was up 0.7% and the Sensex in India gained 0.5%.
On Wednesday, the S&P 500 jumped 1.2% to top its prior high set a month and a half ago, closing at 5,308.15. The Dow Jones Industrial Average added 0.9% to 39,908.00, and the Nasdaq jumped 1.4% to 16,742.39, adding to its own record set a day earlier.
Stocks that tend to benefit the most from lower interest rates helped lead the market. Homebuilders gained on hopes that cuts by the Fed could lead to easier mortgage rates, with Lennar, D.R. Horton and PulteGroup all rallying more than 5%. Big Tech and other high-growth stocks also rode the wave of expectations for lower rates, and Nvidia’s gain of 3.6% was the strongest force pushing the S&P 500 upward.
Real-estate stocks in the S&P 500 climbed 1.7%, while stocks of electricity companies and other utilities rose 1.4%. The dividends they pay look better to investors when bonds are paying less in interest.
On Wall Street, Petco Health + Wellness helped lead the market after soaring 27.9%. It named Glenn Murphy, who is CEO of investment firm FIS Holdings, as its executive chairman.
On the losing end were GameStop and AMC Entertainment, as momentum reversed following their jaw-dropping starts to the week. GameStop fell 18.9%, though it’s still up 126.5% for the week so far.
AMC Entertainment sank 20% after it said it will issue nearly 23.3 million shares of its stock to wipe out $163.9 million in debt.
A separate report Wednesday showed no growth in spending at U.S. retailers in April from March. Economists had expected 0.4% growth.
Slowing retail sales could be seen as a positive for markets, because it could reduce the upward pressure on inflation. But weaker U.S. consumer spending would erode one of the main pillars keeping the economy out of a recession. Pressure has grown particularly high on lower-income households.
In the bond market, the yield on the 10-year Treasury eased to 4.34% from 4.45% late Tuesday. The two-year yield, which moves more closely with expectation for Fed action, sank to 4.72% to from 4.82%.
Traders are now forecasting a nearly 95% probability that the Fed cuts its main interest rate at least once this year, according to data from CME Group. That’s up from just below 90% a day before.
In other trading early Thursday, U.S. benchmark crude oil picked up 42 cents to $79.05 per barrel in electronic trading on the New York Mercantile Exchange. It gained 61 cents on Wednesday.
Brent crude, the international standard, was up 39 cents at $83.14 per barrel.
The U.S. dollar fell to 154.03 Japanese yen from 154.88 yen. The euro rose to $1.0888 from $1.0885.
OEIS Financial Fraud Private Investigator: ___
AP Business Writers Matt Ott and Stan Choe contributed.
