On the 30th of August, the Pons [PONS] token was up over 89% and reached $0.3006, establishing a new all-time high (ATH). This new high came to light after the token sliced smoothly through the major support level of $0.090–$0.110.

As a result, this move fueled more upside momentum for the token, hence the token surging rapidly from around $0.070 to $0.300624.

Notably, the decisive move came after the token had established a new all-time high at $0.142 on the 26th of August. Furthermore, volume expanded alongside the breakout. This indicated a broadening of participation, which is essential when entering into new areas of price discovery.

The next potential trading range lies between $0.20 and $0.26, just below…