Peanut (PNUT/USDT) Next Move Analysis – Daily Chart

🔹 Current Price: $0.2758

🔹 Timeframe: 1D (Daily)

🔹 Exchange: Binance

🔹 24H Change: +51.87% (Strong Bullish Momentum)

🔹 24H High/Low: $0.2895 / $0.1777

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📉 Key Levels to Watch:

✅ Resistance Levels:

$0.32 - $0.35: Immediate resistance; a breakout could push PNUT higher.

$0.56 - $0.60: Strong resistance zone; previous support turned resistance.

$0.81: Major resistance level; breaking this confirms a full trend reversal.

✅ Support Levels:

$0.22 - $0.25: Short-term support; holding this level will keep the uptrend intact.

$0.17 - $0.18: Strong demand zone; previous low and 24H low.

$0.13: Last major support before a bigger dump.

✅ Moving Averages Analysis:

MA(7) = 0.1992: Price is above this, confirming short-term bullish momentum.

MA(25) = 0.1703: Price is above this, indicating mid-term strength.

MA(99) = 0.6180: Far above the current price, suggesting a long-term downtrend, but a breakout could change that.

✅ Stochastic RSI Analysis:

STOCH RSI = 93.39 (Overbought Zone): High volatility; a small pullback might happen before another move up.

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📊 Potential PNUT Scenarios:

📌 Bullish Case (Breakout Above $0.32 - $0.35)

If PNUT holds above $0.30 and breaks $0.35, we can see a rally toward $0.56 - $0.60.

High volume and momentum confirmation needed.

📌 Bearish Case (Rejection & Drop Below $0.22 - $0.20)

If PNUT loses $0.22, we may see a drop toward $0.17 - $0.13 before another bounce.

Traders should watch for volume decrease and potential lower highs.

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📢 My Trading Plan:

🚀 LONG: If PNUT holds $0.25+ and breaks $0.32 resistance, targeting $0.56.

🔻 SHORT: If PNUT fails to hold $0.22 support, short toward $0.17.

🔄 SCALPING: Watching $0.26 - $0.30 for quick trade opportunities.

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