$PNUT /USDT TECHNICAL ANALYSIS: BULLISH REVERSAL FORMING – TARGETING A NEW BREAKOUT

$PNUT is currently trading at $0.2437, posting a solid +7.45% gain over the past 24 hours. After rebounding from a local low of $0.2372, the price is now heading back toward its 24H high of $0.2469, showing signs of strength.

📊 Key Technical Levels:

24H High: $0.2469 – Immediate resistance

24H Low: $0.2228 – Strong support

Volume: 108.38M PNUT / 25.76M USDT

Current Range: $0.2370 – $0.2460

Market Outlook:

If PNUT breaks above $0.2469, it may trigger bullish momentum toward $0.2550 – $0.2650. Failure to break could lead to consolidation between $0.2400 – $0.2350 before the next leg.

Conclusion:

$PNUT is showing a bullish reversal structure. A breakout confirmation above the recent high could offer a strong upside move, making this an attractive setup for short-term traders.

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