A Technical Overview $PNUT 1. Wedge Formation as it Falls On the daily and 4-hour charts, a falling wedge—a bullish reversal pattern—is highlighted by a number of analysts. A breakout above the wedge resistance could lead to a strong rally, potentially delivering 80–100% gains toward the $0.40

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2. Setup for a Bull Flag Breakout On the 12H frame, a bull flag indicates a bullish continuation. A confirmed breakout above ~$0.238 may push the price toward $0.35 (+60%)

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3. Breakout From Falling Channel

The asset recently broke out of a descending channel, with a base around $0.20–0.26. Should this breakout hold and retest successfully, expect upward targets at $0.2986, $0.3774, $0.4403, and potentially $0.595–0.76 .

4. Key Resistance & Support Levels

Support: the critical pivot zones of $0.20 and $0.22. Resistance: Keep an eye out for the $0.24–0.26 barrier. A flip here to support could bolster the bullish case

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What to Look Forward to Positive scenario: A breakout with a target of $0.35–0.42 (+50% to +90%) could be confirmed by a 4H or daily close above $0.245–0.248 with rising volume.

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Bearish caveat: Falling back below $0.215–0.22 could invalidate bullish setups, risking a drop to $0.18, then $0.14–0.15 .

✅ Trading Strategy Tips

Step Setup Entry Goal Stop Conservative Wait for 4H / Daily close above wedge or flag ~$0.245–0.248 $0.30 → $0.35 → $0.42 Below $0.22

Aggressive Enter early on breakout attempt Near $0.24 $0.30+ Tight, just below breakout line

For more assurance, use candle structure and volume confirmation. Always manage risk—if price dips below $0.215–0.22, respect the stop loss.

In summary Bull case: Technicals lean bullish—breakout from falling wedge/channel + bull flag = up to 100% gains.

Bear case: A drop below $0.215–0.22 could lead to deeper consolidation or further decline toward $0.14–0.18.$PNUT