Pons (PONS) token briefly surpassed a $500 million valuation during a near-vertical price surge, climbing from fractions of a dollar to a local peak around $0.54. This rally is primarily driven by PONS becoming the top launchpad token on Robinhood’s graduated-token board, far ahead of Thinking Cat at roughly $20 million. Technical indicators show extreme conditions: the daily RSI is near 95, well above the overbought threshold of 70, while the price trades significantly above its short-term moving averages. Immediate resistance stands at $0.50-$0.55, and maintaining support above $0.45 will be critical to avoid a severe correction.
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