will it come to .64,?

$PNUT
Detailed analysis of the 4-hour chart for PNUT/USDT 🔎

1️⃣ Price Overview
•Current Price: $0.6959
•24-Hour Change: +11.18% 🔼
•The price recently bounced back from a downtrend, indicating some buying interest.

2️⃣ Key Levels
•Resistance: $2.50 (Previous high; major resistance) ⚠️
•Support: $0.58 (Recent low before recovery) 🛡️
•Mid-Level Resistance: $0.86 (Minor rejection observed) 📉

3️⃣ Volume Analysis 📊
•24H Volume: High trading activity (~206M PNUT).
•Observation: High volume during price spikes but tapering off during consolidations. This suggests traders are booking profits after short-term moves.

4️⃣ Trend Analysis 📈📉
•Early November Rally: Massive surge from $0.10 to $2.50 🚀
•Likely driven by hype or news.
•Post-Rally Decline: Steady drop back to sub-$1 levels 🔻
•Indicates a lack of sustained demand.

5️⃣ Indicator Insights 🔍
•Moving Average (MA):
•The short-term MA likely shows bearish pressure as prices are below major levels.
•RSI (Relative Strength Index):
•If shown, RSI would likely be neutral, reflecting consolidation after the rally.

6️⃣ Candlestick Patterns 🕯️
•Large red candles followed the rally, signaling panic selling.
•Recent smaller green candles suggest recovery or consolidation.

7️⃣ Next Moves 🔮
•Bullish Case: Break above $0.86 → Retest of $1 and potentially $1.75.
•Bearish Case: Drop below $0.58 → Downtrend to test $0.40.

8️⃣ Strategy Ideas 📌
•Short-Term Traders: Watch for breakout or breakdown at $0.86 or $0.58. 📊
•Long-Term Investors: Evaluate fundamentals before entering, as this appears volatile.