chart analysis @lunyoner
PNUT/USDT – 1W Weekly Chart Analysis
Formation and General Structure
A clear double bottom formation is visible on the chart.
After a strong breakout from the consolidation formed in the dip region, the price was pushed to the 0.48 area and now this movement is experiencing a pullback process.
According to this structure:
Double bottom formation confirmed
Currently in the retest phase
Target has the potential for upward movement equal to the formation height
Support – Resistance Levels
Current price: 0.2730 USDT
Critical supports:
0.26 (current horizontal support and demand area)
0.19 – 0.21 (previous dip area – safe stop area)
Resistance levels:
0.34 – 0.38 (broken horizontal resistance)
0.48 – 0.50 (previous peak)
0.78 and psychological 1.00 area (long-term target)
Indicators (Weekly Scale)
RSI: Upward inclined in the neutral zone (strong reversal structure)
MACD: Has not yet fully generated a signal but is preparing for positive momentum
Volume: Strong increase in breakout candles, volume decreases during pullbacks (bullish confirmation)
Trend Direction
Short-term trend: Horizontal (pullback process)
Medium-term trend: Upward
Long-term trend: Not yet confirmed at the bottom but the structure gives strong reversal signals
4h – 1d – 1w Volume and Momentum
4H: There is a micro wave squeeze, if 0.26 does not break, it is a buying opportunity
1D: Tendency to settle above the MAs
1W: Maintains upward volume after breakout with large volumes
Target and Roadmap
Short-term target:
Retest and breakout at the 0.34 - 0.38 region
Medium-term target:
Closes above 0.48 complete the formation
Long-term target:
Potential target in the range of 0.78 - 1.00 (formation target and psychological barrier)
Strategy and Recommendation
Levels to be monitored for the position:
As long as it stays above 0.26, the positive outlook continues
Weekly close below 0.19 should be considered a stop
Strategy:
Buying zone between 0.27-0.30
Gradual profit taking at 0.38 and 0.48
0.78 – 1.00 is considered a long-term target
In case of decline:
If the 0.21 area is retested, it is a second buying opportunity
Result
In the weekly chart of PNUT/USDT, we see a strong rise from a classic double bottom formation followed by a healthy pullback structure.
If this structure is maintained, the target is the previous peak at 0.48, and then the range of 0.78 – 1.00.
Trend reversal confirmed, there is volume support. This process carries serious potential for medium-term investors.
