PNT/USDT Break Descending Channel. Bullish Momentum to up move ?

💎 PNT has undeniably grabbed our attention. It has successfully broken out of the descending channel pattern, showcasing a notable upward trajectory. The breakout was marked by a robust green candle, indicating a bullish phase for PNT. Currently, for a confirmed breakout, PNT needs to surpass and maintain above the nearby supply level at $0.1370.

💎 However, if PNT struggles to breach this supply or faces rejection, it might retrace to the demand zone ranging between $0.121 and $0.119 for a retesting phase. A successful retest could propel PNT back towards the supply level and breaking it would pave the way for achieving its target.

💎On the flip side, if PNT fails to hold the demand zone, it might descend to the subsequent demand at $0.109. This zone is pivotal for PNT. A failure to stabilize here could see PNT continuing its descent towards a more robust support region.