POND/USDT - Trendline Still in Control, Will Support Hold?POND / TetherUSBINANCE:PONDUSDTCryptoNuclearOn the daily timeframe, POND/USDT remains in a clear bearish trend. Price continues to form lower highs and lower lows, while trading below a well-respected descending trendline that has been tested multiple times and has not yet been broken. Currently, price is positioned below the trendline, near a historical support zone, which may act as an important reaction area (decision zone). --- Structure & Technical Patterns 1. Descending Trendline (Bearish Structure) The yellow line represents a medium-term descending trendline Every pullback has been rejected at the trendline → sellers remain in control As long as price stays below this trendline, the primary bias remains bearish 2. Bearish Range Continuation Price is declining gradually with small consolidation phases This suggests slow distribution, not panic selling Such a structure often leads to further breakdowns if key support fails --- Key Support & Resistance Levels Key Support 0.00428 → minor support / current reaction area 0.00404 – 0.00365 → major support & range low, a critical buyer zone Failure to hold this area may result in a new lower low Key Resistance 0.00468 – 0.00500 → near-term resistance / pullback zone 0.00580 → strong resistance (previous structure level) 0.00753 – 0.00826 – 0.00887 → major supply zone & former distribution area The descending trendline acts as the main dynamic resistance --- Bullish Scenario 📈 This scenario becomes valid if: Price holds firmly above 0.00404 – 0.00428 A daily close breaks above the descending trendline A higher low forms, supported by increasing volume Bullish Targets (Step-by-Step): 0.00500 0.00580 0.00753 0.00826 – 0.00887 (extended target if a strong reversal develops) 📌 Meaning: A trendline break combined with a reclaim of 0.00580 would signal an early trend shift from bearish to neutral–bullish. --- Bearish Scenario 📉 This scenario remains dominant if: Price fails to break the descending trendline Support at 0.00404 – 0.00365 breaks down There is no meaningful buying reaction Bearish Targets: 0.00365 Potential continuation toward lower support levels (price discovery) 📌 Meaning: A breakdown below major support would confirm bearish continuation and weak buying interest. --- Conclusion Primary trend: Bearish Price is currently at a critical decision zone Risk–reward may be attractive for speculative buys, but confirmation is mandatory Trendline breakout is the key bullish validation ⚠️ As long as price remains below the descending trendline, any upside move should be considered a pullback. --- #PONDUSDT #POND #CryptoAnalysis #TechnicalAnalysis #Downtrend #BearishMarket #SupportResistance #Trendline #Altcoin #PriceAction #CryptoTrading