PNUT/USDT – Bull flag breakout attempt
PNUT is currently showing signs of breaking out from a bull flag pattern. This pattern typically indicates a continuation of the previous uptrend if confirmed with strong volume.
The price is testing the upper trendline of the flag. If it breaks and closes above this resistance, we may see bullish momentum ahead. However, a rejection from this zone could lead to consolidation or a short-term pullback.
Key levels to monitor:
* Breakout confirmation area
* Support near the flag base
* Volume activity for breakout strength
Keep a close watch — a successful breakout could lead to the next upward move.