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PONS token jumps 11% after Coinbase and Deribit listings, nearing key breakout point.

Market News
16 Oct 2026
AMBCrypto
View Source
Bullish
PONS token jumps 11% after Coinbase and Deribit listings, nearing key breakout point.

PONS token surged over 11% following its debut on Coinbase and Deribit, sparking high speculative trading with 25x leverage options. The token's market cap remains above $100 million alongside Cash Cat on Robinhood Chain, supported by strong trading volumes and increasing open interest. Technical indicators suggest PONS is attempting to break out of a month-long falling wedge pattern, signaling a potential recovery if resistance is surpassed. However, early investors have largely exited, and failure to break resistance could lead to bearish pressure.

The PONS token's market cap remains above $100 million following its recent surge after Coinbase and Deribit listings. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 17, 2026 04:51 WIB: out of 50 major cryptocurrencies, 10 rose and 39 fell. Notable movers include ONE (Harmony) at Rp27 with a 1-day change of -2.83%, XRP (Ripple) at Rp23,373 down 2.66%, and LTC (Litecoin) at Rp1,062,900 down 2.37%.

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