45% jump in the last 24 h, yet the 4‑hour EMA gap is screaming sell.
Read on before you chase the hype 👇
Price looks bullish on the surface, but the EMA7 sitting well below EMA25, RSI stuck in the 40‑zone and a tight 4H pivot around 0.035 signal a hidden downside trap. The market may be over‑leveraged despite a zero‑percent funding rate, hinting that longs are paying to stay in.
If $PNT loses the ~0.0369 area on a 4H close, this bearish read is off the table. The next support sits near the ~0.032 zone, with the swing‑low around ~0.029 as a deeper target if the downtrend holds. Tap $PNT to pull up the chart and see these zones yourself.
My read: the chart is pointing to a slide toward the low‑30 ¢ region, with the next barrier around 0.032.
Follow me for the next update when the 0.032 zone is tested or broken, so you don’t miss the next move.
What level are you watching on $PNT, and why? 👇
⚠️ Not financial advice. DYOR.
#PNT #Polygon #Crypto #BinanceSquare