Bullish Signal for PNUT/USDT on Binance (1H Chart):

• Current Price: $0.5393 (-10.52%)

• 24H Range: $0.5385 - $0.6470

• RSI Indicators:

• RSI(6): 7.52 (Deeply Oversold)

• RSI(12): 24.03 (Oversold Zone)

• Technical Observations:

• The price is in the oversold region, as indicated by extremely low RSI and Wm %R (-99.14).

• Stochastic RSI is at 0, signaling a potential reversal and bullish momentum buildup.

• Key support at $0.5385 (24H low) is holding, suggesting buyers may step in.

Bullish Scenario:

• A recovery above $0.5600 (MA(7)) could trigger a short-term bullish reversal.

• Targets: $0.5800 (MA(25)) and $0.6000 (psychological resistance).

• Stop Loss: Below $0.5300 to manage risk in case of further downside.

Patience is key; confirmation of reversal above resistance is crucial before entering.$PNUT