A 45% 24‑hour surge dumped $PNT right onto a bearish cliff.
Here’s why the drop isn’t over yet 👇
Price sits below the daily EMA7/EMA25 cross and the RSI is stuck in the 27‑30 band – unmistakable short pressure. The volume profile’s point of control sits at $0.061, far above today’s level, suggesting any rally will be quickly eaten.
On the 1‑day chart the pivot hovers around 0.0357. The bearish case crumbles only if $PNT climbs above the ~0.0385 barrier; otherwise the next target is the ~0.030 zone. Tap the chart to pull up the picture and read these zones yourself.
I’m betting the market will grind toward the ~0.030 area unless buyers force it past the ~0.0385 ceiling.
Follow me for the next breakdown when that 0.030 floor is tested – I’ll dissect the candle structure live.
What’s your take on $PNT’s next move, holding near 0.030 or fighting back to 0.0385? 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #TopGainer
Here’s why the drop isn’t over yet 👇
Price sits below the daily EMA7/EMA25 cross and the RSI is stuck in the 27‑30 band – unmistakable short pressure. The volume profile’s point of control sits at $0.061, far above today’s level, suggesting any rally will be quickly eaten.
On the 1‑day chart the pivot hovers around 0.0357. The bearish case crumbles only if $PNT climbs above the ~0.0385 barrier; otherwise the next target is the ~0.030 zone. Tap the chart to pull up the picture and read these zones yourself.
I’m betting the market will grind toward the ~0.030 area unless buyers force it past the ~0.0385 ceiling.
Follow me for the next breakdown when that 0.030 floor is tested – I’ll dissect the candle structure live.
What’s your take on $PNT’s next move, holding near 0.030 or fighting back to 0.0385? 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #TopGainer
