The 0.0385âŻzone is the last line of defense for $PNT. đ If it cracks, the downside opens up fastâhereâs why you shouldnât ignore it.
Price is clearly bearish on the daily chart, but the deep 27.6âŻRSI and a fresh bearish FVG (topâŻ0.1724âŻ/âŻbottomâŻ0.1259) hint the market may still be hunting lower lows before any relief.
On the 1âday swing picture, $PNT is hovering around the 0.0357 area. Lose the ~0.0385 level on a daily close and the bearish thesis evaporates. Hold above it and the move could drift toward the lowâ0.03 zone, where the next supply wall sits.
My read: the chart is nudging toward a test of the ~0.0385 barrier; a break below would likely push $PNT into the 0.03â0.029 zone, while a hold above keeps the bearish outlook alive.
Follow me for the next levelâwatch updateâI'll break down what happens if PNT respects or rejects that key zone.
Whatâs your take on the 0.035â0.038 area for PNT? đ
â ïž Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #TopGainer
Price is clearly bearish on the daily chart, but the deep 27.6âŻRSI and a fresh bearish FVG (topâŻ0.1724âŻ/âŻbottomâŻ0.1259) hint the market may still be hunting lower lows before any relief.
On the 1âday swing picture, $PNT is hovering around the 0.0357 area. Lose the ~0.0385 level on a daily close and the bearish thesis evaporates. Hold above it and the move could drift toward the lowâ0.03 zone, where the next supply wall sits.
My read: the chart is nudging toward a test of the ~0.0385 barrier; a break below would likely push $PNT into the 0.03â0.029 zone, while a hold above keeps the bearish outlook alive.
Follow me for the next levelâwatch updateâI'll break down what happens if PNT respects or rejects that key zone.
Whatâs your take on the 0.035â0.038 area for PNT? đ
â ïž Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #TopGainer
