45.23% jump in 24 h, yet the 4‑hour EMA gap hints the rally could be short‑lived. Read why below 👇
Price is carving lower on the 4H chart, but RSI hovering around 40 means the downmove still has breathing room. The 4H ATR of 0.0089 (~25% of today’s price) shows each swing can easily reach the next zone. Zero funding and flat open interest suggest no fresh long bias is building.
On the 4H frame the pivot sits near the 0.0352 zone. If $PNT slides below the ~0.0369 ceiling, the next target clusters around the ~0.0320 area. Lose the ~0.0320 zone on a 4H close and the bearish premise collapses. Tap $PNT to pull up the chart and verify these zones yourself.
My read: the market is poised for further downside; a break above ~0.0369 would invalidate the bearish thesis.
Follow me for the next update when $PNT either breaches the 0.0369 level or slides into the 0.0320 zone—I’ll break down what the move means. What level are you watching on PNT? 👇
⚠️ Not financial advice. DYOR.
#PNT #Polygon #Crypto #BinanceSquare
Price is carving lower on the 4H chart, but RSI hovering around 40 means the downmove still has breathing room. The 4H ATR of 0.0089 (~25% of today’s price) shows each swing can easily reach the next zone. Zero funding and flat open interest suggest no fresh long bias is building.
On the 4H frame the pivot sits near the 0.0352 zone. If $PNT slides below the ~0.0369 ceiling, the next target clusters around the ~0.0320 area. Lose the ~0.0320 zone on a 4H close and the bearish premise collapses. Tap $PNT to pull up the chart and verify these zones yourself.
My read: the market is poised for further downside; a break above ~0.0369 would invalidate the bearish thesis.
Follow me for the next update when $PNT either breaches the 0.0369 level or slides into the 0.0320 zone—I’ll break down what the move means. What level are you watching on PNT? 👇
⚠️ Not financial advice. DYOR.
#PNT #Polygon #Crypto #BinanceSquare
