PONS crypto surges 25% – Can bulls push the price past $0.35?

Pons [PONS] jumped 25.12% over the past 24 hours, at press time, pushing its price toward $0.30 as renewed buying activity lifted market participation considerably. Additionally, the token’s trading activity also expanded, with the spot volume surging 95.43% to $48.74 million over the same period. This increase in activity highlighted renewed market interest as investors returned after weeks of declining prices. Beyond Spot markets, derivatives' market participants also increased their exposure as the recovery gained momentum. Derivatives traders pile in as interest grows The derivatives activity also surged considerably amid the rally, with trading volume climbing 187.88% to $187.05 million as of writing. Furthermore, PON’s Open Interest (OI) also increased 29.98% to $121.55 million, suggesting that investors increased their outstanding Futures positions.

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