Marlin price analysis: POND unable to break resistance at $0.16, further retracement downwards?

TL;DR Breakdown Marlin price analysis is bearish for today.The price movement was unable to break resistance at $0.16.The nearest support is present at $0.09.Bitcoin is currently struggling to reclaim support at $46K. Marlin (POND) is one of the hottest coins trading on Binance today as the cryptocurrency broke above the resistance at $0.07 and $0.11 as well. The price of the coin surged from $0.06 to $0.168 from 8th September to 11th September. Therefore, it can be said that the coin will break above the resistance at $0.16 in the long term. In the short term, the coin was unable to break this major resistance. According to the data presented by Coinmarketcap, Marlin’s price has been trading with a surge in the trading volume by over 115.42 percent. We can also see that the market cap has also risen by over 1.07 percent. While the cryptocurrency has been trading with a bearish outlook today, a detailed Marlin price analysis can be done using technical indicators. Now considering Bitcoin’s key movement today, it can be seen that the coin was unable to break the resistance at $47K and lost the support at $46K. It can be considered that the price of the coin will go down if Bitcoin is unable to reclaim the support at $46K and drops below the current support of $44.7K. Bitcoin’s movement tracking is essential in tracking the price movement of altcoins. Marlin price analysis: Technical indicators turning be...