PONS: Robinhood Pumps as Shorter Loses $3.35M
PONS at $0.68 on Robinhood as @loraclexyz loses $2.38M on 3x short of 17.26M tokens; RSI at 79.84 signals overbought conditions.
SourceAnalysis
PONS on Robinhood surges while @loraclexyz bleeds on a 3x short of 17.26M tokens worth $11.6M, now down $2.38M, plus another $970K loss on $CASHCAT.
With price testing upper Bollinger resistance at $0.67 while RSI(14) flashes overbought at 79.84, a healthy retracement to the 50-EMA support at $0.36 seems probable before further continuation; the MACD golden cross at 0.09 keeps the structure bullish above EMA200 at $0.16.
Lookonchain
@lookonchainLooking for smartmoney onchain