$PNUT /USDT Technical Analysis

📊 Bullish Breakout Alert! $PNUT is surging with a 13.20% increase, currently trading at $0.7342 after reaching highs near $0.7847.

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Price Action Highlights

🔹 Current Price: $0.7342

🔹 24H High: $0.7847

🔹 24H Low: $0.5989

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Technical Targets

1️⃣ First Target: $0.7600 - Immediate Resistance Zone

PNUT is likely to test $0.7600 again if buying pressure sustains.

2️⃣ Second Target: $0.8000 - Psychological Level

A breakout above $0.8000 could confirm mid-term bullish continuation.

3️⃣ Third Target: $0.8500 - Major Resistance Level

A move past $0.8500 would indicate strong bullish dominance and attract more buyers.

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Trading Tips

🔸 Partial Profit: Secure some profits around $0.7600 to reduce risk.

🔸 Stop-Loss: Place at $0.7100 to protect gains from possible pullbacks.

🔸 Volume Check: Monitor trading volume near $0.8000 for breakout confirmation.

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📉 Momentum Insights:

✔ RSI indicates overbought conditions, suggesting potential consolidation before the next move.

✔ PNUT’s upward trajectory reflects strong buying interest, but retracement to $0.7000 is possible.

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