Lookonchain: Largest PONS Short Taking Profit

Lookonchain flagged that the largest on-chain $PONS and $CASHCAT short holder @loraclexyz is taking profit while retaining 27.47M $PONS ($14.3M) and 35.95M $CASHCAT ($5.7M) shorts with $5.7M unrealized gains.

Price action on the 4h chart shows $PONS at $0.51 testing lower Bollinger support with EMA50 at $0.61 acting as resistance and EMA200 at $0.4 providing distant floor; MACD death cross at -0.04 confirms bearish momentum while RSI at 36.95 leaves room for further downside before any bounce attempt.