$PNUT
Another look at PNUT :
PNUT is currently trading near $0.34, following a retreat from its April peak of around $0.18. The token has shown strong support between $0.12 and $0.13, which has repeatedly acted as a price floor during downturns. Key resistance levels to watch are at $0.22, with additional barriers at $0.24 and $0.26.
From a technical standpoint, indicators suggest a neutral-to-bullish sentiment. The RSI is close to 60, indicating moderate upward momentum without overbought conditions. The ADX also signals a firm trend, staying below 49. However, the price sits under the midline of the Bollinger Bands at $0.64272, and the bands are narrowing, hinting at reduced market volatility.
Traders should pay close attention to the $0.22 resistance zone. A confirmed breakout could pave the way for a move toward $0.24 or even $0.26. On the flip side, losing the $0.12 support could trigger a slide to $0.10, weakening the bullish setup. Using stop-loss orders near $0.12 can help protect against downside risk. Overall, it's wise to remain cautious and wait for a clear trend confirmation before making any new trades.