PONKE has just pushed through its descending trendline, marking a potentially significant shift. Looking at the chart action, we're tracking two possible paths forward.

One scenario shows an ABC correction unfolding in wave ii, which would mean further upside movement with resistance sitting in the $0.15–$0.40 zone. This would be the more conservative read.

The other take is more bullish: an impulsive wave-C moving to the upside that develops as a full 5-wave sequence. If this plays out, we could see a more sustained rally.

Both scenarios keep the resistance band between $0.15–$0.40 as the key level to watch. The trendline break itself is worth monitoring—it's the first sign that momentum might be shifting here.