๐$PNUT /USDT Technical Update โ Bullish Strength Emerging! ๐ฅ๐
Current Price: $0.2403 | 24H Gain: +5.86%
Timeframe Analyzed: 1H & 4H
๐ฉ Chart Structure Insight:
$PNUT is showing a fresh bullish breakout on both the 1H and 4H timeframes with strong green candles pushing through key moving averages.
๐ Key Indicators:
MA/EMA Cross (50/20): Confirmed bullish crossover on both TFs โ strong upward bias ๐
MACD: Histogram turning sharply positive; both lines diverging = growing bullish momentum ๐ฅ
RSI: 1H = 67.97 (approaching overbought) | 4H = 52.44 = Still has healthy upside potential
๐ Key Levels:๐๐
Immediate Resistance: $0.2445
Breakout Confirmation Above: $0.2500
Support Zone: $0.2287 โ $0.2325 (Buy the Dip Area ๐ข)
๐ Trade Strategy:
$PNUT looks to continue the upward grind if price holds above $0.2350. A clean breakout above $0.2445 could trigger momentum to test $0.26+ short-term.
๐ฏ Bullish Bias:
Yes โ โ Volume backing price, technical alignment strong, and meme token sector sentiment improving.
๐ก Pro Tip:
Watch for consolidation near $0.2380โ$0.2440. Any retest and bounce from this zone = safer entry with trend strength.
๐ฃ "Momentum is nothing without patience. Ride the wave, but respect the levels."
๐ This is not financial advice. Do your own research before investing. Crypto is volatile โ manage your risk wisely.
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