PONS Rally Under Pressure as DEX Selling Surges: Can $0.28 Hold?

On October 28, $PONS climbed more than 18% over 24 hours, although decentralized-exchange selling briefly overwhelmed demand. Around 07:25 UTC, DexScreener recorded approximately $68,000 in sales against $2,300 in purchases, creating a $65,700 hourly imbalance.

As a result, selling exceeded buying nearly 30-fold, suggesting possible profit-taking without confirming realized profits. Consequently, attention shifted to whether sustained selling pressure could push $PONS toward the $0.28 support level.

Later, $PONS traded near $0.2916, declining 5.26% over six hours despite its daily advance. During that period, sales reached $160,000 against $84,000 in purchases. However, the broader 24-hour activity remained favorable to buyers, with $579K purchased against $386K sold across 2,291 transactions.

$PONS Futures Sales Hit $2.19B as Spot Buying Remains Strong

A later hourly window showed $1,600 in buying versus $486 in selling, indicating that earlier DEX selling had eased. Yet the wider Pons price analysis showed substantial leveraged activity. Over 30 days, futures accounted for $4.21 billion, or 90.12% of combined futures and spot volume, while spot accounted for $461.81 million.

Still, an improving hourly balance does not establish how long renewed buying demand will continue. According to CoinGlass, futures taker sales reached $2.19 billion, exceeding purchases of $2.02 billion.

In contrast, spot taker buying totaled $238.01 million against $223.80 million in selling, leaving a $14.21 million difference. Separate 24-hour readings showed sellers accounting for 50.83% of futures activity and 51.08% of spot activity.

Meanwhile, derivatives volume surged 228.21% to $215.07 million, while open interest advanced 21.82% to $117.63 million. Funding remained positive at 0.0062%, indicating that long positions paid shorts.

At 03:00, short liquidations reached $199,890, compared with $60,570 in long liquidations. Although these figures confirm leveraged positioning and forced closures, they cannot establish whether large $PONS spot holders were selling.

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$PONS Four-Hour Price Analysis: Can $0.28 Hold Below $0.297?

Meanwhile, the $PONS/WETH pool held approximately $2.5 million in reported liquidity. The $68,000 selling burst represented 2.7% of that amount, although this ratio does not directly measure actual price impact. A Pons liquidation-risk dashboard also displayed 7.75% alongside $3.62 million, but neither figure identifies the sellers.

TradingView’s four-hour chart placed $PONS near $0.2931 following a rebound from October’s $0.2181 low. However, a four-hour candle closed below $0.297, leaving that level as immediate resistance, followed by $0.3044.

On the downside, the 50% Fibonacci level at $0.2879 provided nearby support. Although the displayed candle reached $0.2840, it remained above $0.28, meaning a confirmed defense of that threshold remains unproven.

A four-hour close below $0.28 would put $PONS at risk of slipping toward $0.262–$0.245. A move back above $0.297, backed by stronger buying, could instead support a recovery. Still, without detailed swap records or wallet histories, it remains unclear whether the recent selling reflects profit-taking or exits by large holders.

$PONS Key Technical Levels

Bullish Case

Buyers would need to reclaim $0.297 on stronger volume to open the way toward $0.3044. Sustained buying momentum would provide further confirmation.

Bearish Case

However, a sustained four-hour close below $0.28 would weaken immediate support and could potentially expose the lower $0.262–$0.245 price range.

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