The chart of $PNUT

on the 15-minute time frame is showing a strong bullish trend, as the price rose from a low of $0.1438 to a high of $0.1710. The price is currently trading at $0.1673, still above the 7-period moving average ($0.1679) and the 25-period MA ($0.1639), indicating the continuation of the upward momentum. The 99-period MA at $0.1525 is acting as a key support level, reinforcing the broader trend. Buying pressure at 52.80% indicates bullish sentiment, although resistance at $0.1710 could lead to a pullback. A break above this level could push PNUT towards fresh record highs, while a failure to sustain above $0.1639 could lead to a correction. Traders should watch for volume confirmation before entering new positions.

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