$PNUT - Market Analysis & Key Levels
Price is currently testing the major resistance zone near $0.300, showing consolidation after recent upward momentum. While bullish sentiment persists, a clear breakout above this level is needed to confirm further upside potential.
Key Scenarios:
🔹 Bull Case:A decisive close above $0.300 could fuel a move toward $0.370–$0.390, where sellers may reappear.
🔹 Bear Case: Failure to hold $0.255–$0.270 support could signal a deeper retracement, invalidating the bullish structure.
Critical Levels:
🔹 Support:$0.270, $0.260, and $0.255 (must hold for bullish continuation).
🔹 Resistance:$0.300 (breakout pivot), followed by $0.370–$0.390.
Final Thought:
Market structure leans bullish, but traders should monitor volume and price action around $0.300 for confirmation. Always #DYOR and manage risk.