Analysts have projected that PNUT could experience further price increases in the coming months. One crypto analyst suggested that PNUT may see a 463% surge, potentially reaching a price of $5, given the current momentum and increased visibility on major exchanges like Coinbase and Binance.
Additionally, open interest in PNUT futures has risen by 40.48%, reaching $328.05 million. This increase in open interest reflects growing speculation and trader confidence in the token’s potential for further growth#PNUTRush
Will $PNUT Coin Surge to $3 by Year-End? 🌟 The cryptocurrency market is no stranger to surprises, and $PNUT coin has caught the attention of traders with its sharp movements. Currently trading at $1.01, PNUT hit a 24-hour high of $1.19 and a low of $0.95. 🚀 Key factors to watch: 1. Trading Volume: A strong 24-hour volume of 359M PNUT indicates high activity. 2. Market Trends: If Bitcoin and other major cryptos rally, PNUT could ride the wave. 3. Investor Sentiment: Positive developments or news around PNUT can trigger a breakout. With the right momentum, could PNUT hit $3 by December? Share your thoughts below! 💬📈 Disclaimer: This is not financial advice. Always do your own research before trading #PNUTSelloff
Since the latest negative rise failed to breach below $209, Solana (SOL) remains stable. After recent price changes, SOL's stability at this critical zone has raised hopes of a comeback. With market dynamics changing and technical signs muddled, can bulls take command and push SOL higher or will it fall? Bearish Pressure Eases: Can Solana Bulls Help? Solana's response at the $209 support level has been crucial to its bullish structure. The price has exhibited early indications of a comeback after testing this critical level, signaling negative pressure is receding and buyers may be recovering control. The response at $209 has market players expecting a rise toward $240, the next resistance level. SOL must overcome surrounding resistance zones like $240 and $260 to continue rising. A break above these levels might start a bigger upswing. If the comeback fails, the $209 support might be retested, raising the possibility of a further fall. The early response and indications of recuperation suggest Solana may be ready for another step up in the coming sessions. Technical Indicators May Turnaround The 4-hour Relative Strength Index (RSI) has entered the oversold zone, indicating increased selling pressure and a possible bearish trend exhaustion. The RSI is trying to move out of this zone, signaling a momentum change as purchasing activity returns. Moving out of oversold territory is usually a positive indicator that sellers may be losing control and allowing buyers to take over. If the RSI breaks the oversold barrier, it may initiate a wider recovery phase with rising volume and favorable price movement. Finally, Solana's price remains above the 1-day 100-day Simple Moving Average (SMA), confirming its upward trend despite market swings.#solonapumping
The uptrend [H4 is still holding, but I don't like the pattern forming & the bearish pressure here.
We can expect another bullish reaction above the uptrend (short term); but Im expecting another dump to test lower supports zone. ⚠️
H1 price view = bearish.
Lower key supports: 6.080 - 5.750 - 5.400$ (zone)
I personally prefer to wait for a test of the 5.400 - 5.300$ support zone before taking a long position (medium term). (Retest of the daily wedge pattern)!
We should see another leg up after the retest!
💡It's always good to not FOMO and wait for [HTF] levels!