+45.23% in 24 hours.
Now look at the 4H candles: a 35% pump, then a 24% rejection, then a 21% flush.
That's not momentum. That's exhaustion.
The daily picture is even colder. Price sits at 35 cents while the 25-day average is nearly double that. RSI on the daily is deep in the low 20s — oversold, but in a downtrend, oversold can stay oversold for weeks.
Volume profile shows the heaviest traded zone around 50 cents. We're far below that, so every bounce toward it becomes supply.
My read on the levels that matter, using the 4H structure: the pivot is the 35-cent area. The invalidation sits just above 36.9 cents. If $PNT cannot reclaim that zone, the path of least resistance points toward the 32-cent area.
That's the setup. Not a bounce play — a continuation read.
What I'm really watching: the 21-cent low from the last 24 hours. That's where the real demand test happened. Lose that on a daily close, and the macro objective near 22 cents suddenly doesn't look so distant.
Tap $PNT to pull up the chart and check these levels against the candles yourself.
My read: the bounce is real but fragile. Trend structure across every timeframe still points down, and funding at zero means the chart's own geometry is the only real signal.
Follow me for the breakdown when price reaches the 32-cent zone — I'll be watching whether it holds or breaks. Which level are you tracking more closely, the 32-cent floor or the 37-cent ceiling? 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare