*๐ PNUT Getting Ready to Pop โ Breakout Watch! ๐ฐ๐*
*Current Price:* 0.2414 (+7.38
*Timeframe:* 12H
โ
*๐ Chart Setup Structure:*
- PNUT is trading within a descending channel (falling wedge pattern) โ typically a bullish reversal signal
- Price is hovering near the top resistance of the wedge, looking to break out
- Strong base formed above the 200 EMA, adding confidence to bulls
- Volume gradually building โ early breakout signs showing
โ
*๐ Trending Signals:*
- โ Bullish wedge structure
- โ MACD is flattening with potential bullish crossover
- โ RSI picking up from mid-range โ not overbought yet
- โ Price reclaiming key support-turned-resistance zone around0.25
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*๐ฏ Upside Target Levels (Post Breakout):*
- TP1: 0.29
- TP2:0.3109
- TP3: 0.3509
- TP4:0.3908
- TP5: 0.4477
- Final TP:0.5202
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*๐ฎ Prediction & Analysis:*
PNUT looks primed for a breakout from its multi-week downtrend channel. If bulls push through 0.25โ0.26 with volume, we could see a sharp move toward 0.35+ in the short term. Wedge breakouts often lead to fast rallies when supported by volume and momentum indicators.
*Summary:*
Breakout brewing ๐ฐ๐ฅ โ watch for volume and confirmation above0.26. First leg targets 0.29โ0.31, and if momentum holds, skyโs the limit ๐
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