Cumberland: Accumulates 16.55M PONS at $0.67
Cumberland withdraws 16.55M PONS worth $9.37M from Gate.io at $0.67 average despite price falling to $0.57.
SourceAnalysis
Cumberland continues buying $PONS even as the token trades at $0.57. Over the past 10 days the firm pulled 16.55 million tokens valued at $9.37 million from Gate at an average price of $0.67.
Price action on the 4h chart shows $PONS inside the Bollinger Bands with lower support at $0.52 and upper resistance at $0.65. The EMA50 at $0.61 acts as immediate resistance while the EMA200 at $0.40 offers longer-term support. RSI at 46.02 remains neutral and MACD has printed a bullish golden cross at -0.03, suggesting any retracement toward the 50-EMA could attract further institutional bids before the next leg higher. Traders tracking PONS price prediction will watch whether this accumulation caps downside near current levels.
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