🥜 $PNUT /USDT Technical Analysis (1D Chart)

💵 Current Price: $0.2921 (–0.44%)
📊 Moving Averages:

MA(7): $0.2632 ✅

MA(25): $0.3014 ❌

MA(99): $0.2182 ✅

Price is above short-term support (MA7 & MA99) but still battling under MA(25) — a breakout may be brewing if $0.30 flips.

🔍 Structure Insight:

After retracing from May highs, PNUT formed a rounded base and is now attempting to push higher.

Candle structure suggests a retest of the descending resistance, with today's wick touching MA(25) and pulling back — key test zone.

🔥 Momentum Snapshot:

MA(7) is sloping up and has crossed over MA(99)

MA(25) is now acting as resistance at $0.3014

Price above 200-day trend = long-term upside bias intact

🧱 Key Levels:

Support: $0.2760 → $0.2630 → $0.2180

Resistance: $0.3015 → $0.3350 → $0.3880

🎯 Trade Setup:

Breakout confirmation: Daily close above $0.302 = strong trigger toward $0.33–$0.35

Pullback opportunity: Buy zone around $0.27–$0.28

Stop idea: Below MA(7) or $0.258 for swing setups

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!