PONS token revenues collapsed by 88% from their early September peak as Robinhood Chain activity sharply contracted, with daily token launches plummeting from 36,000 to approximately 6,000. The token price fell 12.3% in one day to around $0.56, while trading volume climbed 24.23% to roughly $51.5 million over 24 hours. Daily buybacks also plunged from over $1 million to nearly $200,000, significantly weakening the recurring demand mechanism within the token’s economic model. Technically, the token faces a critical test of its triangular support, with a breakdown potentially exposing the $0.50 area, while liquidity clusters above the current price could offer a recovery path toward the $0.5808 horizontal resistance.
Source: Read the original article
