#山寨季來了？ $PNUT

【PNUT/USDT Price Trend Analysis】

1. K-Line Pattern:

- Recent K-lines show a clear upward trend, especially on February 22, where it rose from a low of 0.1418 to a high of 0.171, indicating strong upward momentum.

- On the hourly chart, the price fluctuates within the range of 0.165 to 0.169, testing the highs multiple times but failing to break through, forming short-term consolidation.

2. Technical Indicators:

- MACD: The current MACD is in positive territory, with both DIF and DEA trending upward, indicating that the market still has some upward momentum, though caution is warranted for possible divergence signals.

- RSI: The RSI value is above 70, entering the overbought zone, suggesting that there may be downward pressure in the short term.

- EMA: EMA7, EMA30, and EMA120 are all in a bullish arrangement, and the price is above all moving averages, supporting the overall upward trend.

3. Trading Volume:

- The daily trading volume on February 22 significantly increased, reaching 265245772, indicating strong market participation.

- The hourly trading volume has decreased during the 1900 period, suggesting a potential adjustment in the short term.

【Buy and Sell Points】

- Buy Point 1: 0.160 USDT (Reason: Previous support level, close to the EMA30 moving average position)

- Buy Point 2: 0.155 USDT (Reason: Stronger support area, near the previous swing low)

- Long Stop-Loss Point: 0.153 USDT (Reason: Support failure below Buy Point 2)

- Sell Point 1: 0.170 USDT (Reason: Near recent high, potential for significant selling pressure)

- Sell Point 2: 0.175 USDT (Reason: Opening up space for upward movement after a breakout, pressure at round number)

- Short Stop-Loss Point: 0.177 USDT (Reason: Confirmation of further upward movement after breaking Sell Point 2)

PNUT's 1-Hour Price Trend: Consolidating

Analysis provided by Jieshen, not constituting investment advice, for reference only.