$PNUT Analysis of Pnut (PNT): November 29, 2024

Today, Pnut (PNT) appears to be navigating mixed market sentiment. While its current price hovers near **1.3250**, a lack of significant volume and resistance around **1.3300** suggests cautious optimism. However, recent bullish patterns, including rising RSI levels and steady buy-side pressure, hint at a potential breakout if the broader market stabilizes.

For bullish traders, a **target price of 1.3400** is achievable if momentum picks up. The ideal **buy zone is 1.3200–1.3250**, with a stop-loss at **1.3150** to minimize risk. Conversely, bearish traders might see resistance near 1.3300 as an opportunity to short, aiming for **1.3100** as a lower target.

Verdict

Bullish sentiment dominates for now, but maintaining tight risk controls is essential due to potential reversals. Watch for any market catalysts to confirm the next major move.$PNUT