$PNUT Testing Major Resistance – Is a Breakout Brewing or Will It Stall Again?
PNUT/USDT is hovering at $0.2194, up 10.86% with strong intraday momentum. Price action shows repeated tests of the same resistance zone, suggesting mounting pressure for a breakout — but it’s not confirmed yet.
Key Levels to Watch:
• Resistance: $0.2195
A clear breakout above this could trigger a rally to $0.2230 and $0.2265.
• Support: $0.2150
Failure to hold this level may push PNUT down to $0.2115 and $0.2080.
Trade Setup – Pressure is Building
Bullish Entry:
Entry above $0.2196 with volume confirmation
• TP1: $0.2230
• TP2: $0.2265
• Stop Loss: Below $0.2150
Bearish Entry:
Entry below $0.2150 if rejection is confirmed
• TP1: $0.2115
• TP2: $0.2080
• Stop Loss: Above $0.2196
PNUT is showing signs of coiling for a move. Volume is moderate, and multiple rejections at resistance could mean either exhaustion or imminent breakout. Stay sharp — this tight range won’t last long.