A 62% range in one day, and the coin still printed a 45% gain. That’s not strength. That’s a knife fight in a phone booth.
When a low-cap token rips from the mid-2s to 3.5, then carves lower highs, the “Top Gainer” badge is a lagging indicator. That giant green spike near 6 cents got handed right back. Since then, every bounce has been sold.
Daily and weekly charts don’t help. Price sits below every major moving average, and daily RSI is deep near 28. Oversold in a downtrend just means the bounce gets rented, not owned.
The 4H is the only timeframe that matters. As long as $PNT stays below the 3.7 area, the path of least resistance points toward the low 3s. Lose 3.2 on a 4H close, and there’s nothing but air until the mid-2s.
This is a bounce inside a bigger bleed, not a trend change. Risk sits with anyone chasing the green number.
Tap $PNT and pull up the 4H — watch how price behaves around 3.2.
Follow me — I’ll update this read if the structure shifts.
What level are you watching on $PNT 👇
Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #Altcoins
When a low-cap token rips from the mid-2s to 3.5, then carves lower highs, the “Top Gainer” badge is a lagging indicator. That giant green spike near 6 cents got handed right back. Since then, every bounce has been sold.
Daily and weekly charts don’t help. Price sits below every major moving average, and daily RSI is deep near 28. Oversold in a downtrend just means the bounce gets rented, not owned.
The 4H is the only timeframe that matters. As long as $PNT stays below the 3.7 area, the path of least resistance points toward the low 3s. Lose 3.2 on a 4H close, and there’s nothing but air until the mid-2s.
This is a bounce inside a bigger bleed, not a trend change. Risk sits with anyone chasing the green number.
Tap $PNT and pull up the 4H — watch how price behaves around 3.2.
Follow me — I’ll update this read if the structure shifts.
What level are you watching on $PNT 👇
Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #Altcoins
