Marlin (POND) Technical Analysis 2021 for Crypto Traders

Marlin (POND) Technical Analysis 2021 for Crypto Traders

In Marlin POND Technical Analysis 2021, we use past statistics, price patterns, RSI, and much other information about POND to analyze the future movement of the cryptocurrency. 

POND is an open protocol that provides a high-programmable network infrastructure for DeFi and Web 3. Marlin network nodes, called Metanodes, operate the MarlinVM, which provides developers with a virtual router interface to implement custom coverage and perform edge computing.

It aims to fulfill the promise of a decentralized network, where the performance of applications supported by the blockchain is indistinguishable for users accustomed to Web 2.0 in terms of performance.

Marlin POND Current Market Status

According to CoinGecko, the Marlin POND price is trading at $0.06 with a 24-hour trading volume of $4,834,763, at the time of writing. However, POND has decreased by 2.4% in the last 24 hours. 

In addition, POND has a circulating supply of 774,908,425 POND. Currently, POND trades in Binance, Huobi Global, HitBTC, Gate.io, and Hoo.

Marlin POND Technical Analysis 2021 

Marlin (POND) holds the 408th position on CoinGecko right now. The recent development and upgrades might push Marlin (POND) to reach new heights. Now, let’s deep dive into the Marlin POND technical analysis 2021. The daily time frame chart of Marlin(POND) as shown below.

POND/USDT Lower High and Lower Low pattern
POND/USDT Lower High and Lower Low pattern (Source: Tradingview)

The above chart forms the “Lower High and Lower Low pattern”. It is a technical pattern and considered a continuation pattern. This is similar to the higher high/higher low pattern, except that there is a downward trend in the opposite direction. 

POND trades in a range of $0.069. If the price breaks the trend line support level of $0.042 then it will lead to a further drop up to the $0.026 Level. If the pattern continues to the top side, then it will reach the $0.31 level soon.

Marlin (POND) RSI

The below chart shows the relative strength index (RSI) of POND. 

POND RSI
POND RSI (Source: TradingView)

As shown in the below chart, RSI remains at 38. This shows that POND’s price is in a nearly oversold state. However, this indicates a major price reversal may occur in the next few days. So, traders need to trade carefully.

Marlin (POND) RVOL

The below chart shows the Relative Volume (RVOL) of POND. It is an indicator that tells the trader how the current trading volume compares with the previous trading volume over a period of time. 

POND RVOL(
POND RVOL(Source: TradingView)

Notably, in Mid May, it is found that the RVOL of POND observed is stronger. From the last week of May till at the time of writing, the RVOL of POND stays below the cutoff line which indicates the weaker participants in the current trend.

Marlin (POND) MA

POND’s Moving Average (MA) is shown in the chart below. It is a part of technical analysis that helps traders to find trends.

POND MA
POND MA (Source: TradingView)

In the 50 MA (Short-term), the price of the POND is in a bearish state, and still, it has not broken the 200 MA. Once it breaks the 200 MA level of POND, it completely goes to a bearish state.

Currently, the price of POND is trading near to the 200 MA level so we can expect some reversal at these points.

Marlin (POND) Price Comparison With Bitcoin

The below chart shows the price comparison between POND and BTC. 

POND vs BTC Price Comparison chart
POND vs BTC Price Comparison chart(Source: TradingView)

The trend of the BTC and POND is moving at the same level as the trend.

Conclusion

With the ongoing developments and upgrades that are taking place within the POND platform. Marlin has a fantastic future ahead in this crypto market. However, it is possible to see POND reaching new heights.

Bullish POND price prediction 2021 is $0.35. As said above, it may reach great heights, however reaching $0.5, if investors have decided that Marlin POND is a good investment in 2021.

FAQ

What is POND?

POND is a high-performance network infrastructure for modern decentralized networks. Its native coin is Marlin.

Where can you purchase POND?

POND is listed on many cryptocurrency exchanges that include Binance, Huobi Global, HitBTC, Gate.io, and Hoo. It is available for trading against crypto fiat coins, stablecoins, and other cryptocurrencies.

Will POND reach a new ATH soon?

With the ongoing developments and upgrades within the POND platform, it has the high possibility of reaching its ATH soon.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.