Lookonchain: Loracle.hl Adds to $16M PONS Short

Lookonchain reported that loracle.hl keeps adding to the $PONS short, now holding 17.79M tokens valued at $16.31M with a fresh $6.57M unrealized loss after already dropping $70M on $HYPE positions. The trader's aggressive stance arrives as PONS trades at $0.92 inside its Bollinger band, pressing the upper resistance at $0.93 while RSI(14) sits at 81.1 in overbought territory and MACD confirms the golden cross. With the 50-EMA anchored at $0.48 acting as the next concrete support level, price action points to a probable retracement before any sustained continuation higher. Hyperliquid trading positions like this one continue to shape short-term PONS price prediction flows amid broader crypto market volatility.