Looking for
$PONS to do something like this to re-enter.
$PONS revenue has been holding steady around 100/200K a day but is still trading at a 4× P/S multiple. For this to become an attractive RR trade I would like to see this come down to sub 2× P/S.
Bid zone highlighted would be a 60%+ drawdown from ATH which is very normal. Although different products, I think a good example to use is
$HYPE which declined ~70% after its first move in 2025.
There is no doubt
$PONS will continue to play a key role in RHC success and I think long term $1B+ will happen, it just takes time to play out.