Imagine a firework that already exploded—the bright flash was the spike to 0.0657, and now we're watching the embers fall. That's $PNT right now.
The 24-hour gain of 45% looks thrilling on a screener, but the 4-hour candles tell a quieter story: that pump got sold hard, and price has been stair-stepping lower ever since. The moving averages have rolled over, and momentum is fading.
The 4-hour chart is the cleanest read here. Price is hovering around the 0.035 area, but the structure is weak—lower highs, lower lows, and the faster average is already below the slower one. If $PNT can't reclaim the 0.037 zone, the path of least resistance points toward the 0.032 area, right where the last leg down found its footing before the bounce.
My read: this is a falling knife catching its breath, not a bottom forming. The real risk is mistaking a dead-cat pause for a reversal.
The invalidation is simple: a 4-hour close back above 0.037 flips this read off the table. Until then, the embers keep falling. Tap $PNT to pull up the chart and see the structure yourself.
I'll be watching whether that 0.032 zone holds or gives way—follow along and we'll read the next chapter together. What's the one level you're watching on PNT? 👇
⚠️ Not financial advice. DYOR.
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