🔍 PNUT Analysis – RSI Hits 70, Breakout or Blowoff? 🔍
🥜 PNUT is a meme coin showing strong momentum with a 2.80% daily gain and RSI breaching 70. Traders are watching closely as price flirts with its 24h high and approaches a key resistance zone.
📈 Technical Analysis
- Short-term trend: Bullish
- Support: $0.2183
- Resistance: $0.2698
- RSI: 70.03 – overbought zone, potential breakout or reversal
- MA(5): 4.83M | MA(10): 4.81M – bullish alignment
- Volume: 6M – rising with price action
- Outlook: Bullish if price breaks above $0.2353 with sustained volume
📰 Market Data & News
- Price: $0.2352 (+2.80% 24h)
- 24h High/Low: $0.2353 / $0.2270
- Volume: 27.58M PNUT / 6.37M USDT
- No major news or listings reported
🔄 Scenario Breakdown
- Bullish Case: Break above $0.2698 with RSI > 75 and volume > 7M confirms rally
- Bearish Case: Rejection at $0.2353 and drop below $0.2183 with RSI < 65 signals downside
📊 Sentiment Meter
📈 Bullish Momentum – Strong breakout setup, rising volume
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
Will PNUT crack $0.2698 or cool off from here? Drop your thoughts below 👇
📈 Ready to ride the wave? Tap the chart and follow the strategy! This setup is built for momentum—don’t miss it. 💬 Like, Follow & Share to fuel the crypto community!
📢 Not financial advice. Use this analysis as a learning tool, not a trading signal. DYOR and manage your risk.
PNUT #TheCryptoMalik