Is $0.0369 the ceiling that will snap $PNT back down?
Read the chart before you assume the rally is over 👇
Price is carving lower on the 4‑hour picture – EMA7 sits under EMA25 and the 48‑hour candle count is still red‑heavy.
Yet the RSI hovers just above 40, so the market isn’t screaming panic; the funding rate is at 0%, meaning neither side is paying a fee to stay in.
On the 4H timeframe the current area sits around 0.0352.
If $PNT loses the ~0.0369 zone on a 4H close, the bearish story is busted.
Hold the ~0.0320 area as the next likely pocket, while a break above 0.0369 would force a rethink.
Tap $PNT to pull up the chart and see these zones yourself.
My read: the downtrend is still in charge, and the real risk is a sudden bounce above the 0.0369 ceiling.
Follow me for a calm breakdown when that zone finally tests the next level. What’s your take on PNT around that price? 👇
⚠️ Not financial advice. DYOR.
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