Why Is Marlin (POND) Price Surging? Analyst Reveals His Bullish Price Target 

Marlin’s POND has been bullish, with its price up 20% over the past 24 hours. The price is also over 40% up in the past 1 week. It has had a 19% increase in market cap and a close to 400% spike in 24 hour trading volume.

The fundamentals are part of the reason behind the increasing token price. Specifically, Marlin is an open protocol that provides high-performance infrastructure for DeFi and Web 3.0. Metanodes in the network operate the MarlinVM, which enables developers to deploy overlays and edge computing.

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Bullish Technical Analysis

According to @WorldOfCharts1, Marlin’s price is moving as expected, already delivering 180% profit so far. Meanwhile, @HenryTraders notes that POND has broken a key trendline in the 3D timeframe. After successfully retesting this breakout, Henry expects a 105-330% bull rally from $0.02 to $0.05.

The fundamentals of the Marlin network coupled with bullish technical analysis signals seem to be driving the recent POND price surge. POND is up over 40% in the past week, with a nearly 20% increase in market cap and 400% spike in 24 hour trading volume. With analysts targeting $0.05, there may be more upside ahead if current momentum continues.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.