$PNUT Graphics and cash flow analysis:
1. Current price and context:
• Current price: $1.4486.
• Recent resistance: $1.4765 – tested but price rejected below this level.
• Support: $1.2593 – the recent low that the price touched before the rebound.
2. Mobile media (MA):
• MA(7): 1.4536 – Price is slightly below this level, suggesting a possible loss of momentum in the short term.
• MA(25): 1.4476 – Close to current price, could act as temporary support.
• MA(99): 1.3897 – Price is still significantly above this value, indicating that a larger downtrend calls for a break below this level.
3. Volume:
• Volume is decent but not very high, suggesting possible consolidation or hesitancy on the part of buyers.
4. Cash flow:
• Net market entries: $12.08M – a positive sign, with buying exceeding selling across all order types (large, medium and small).
• 5-day flow: Still negative (-$51M), but the last 24 hours shows a positive change.
Factors supporting a decline:
1. Selling pressure: If the volume of buyers does not increase significantly, the support level at 1.3897 (MA(99)) could be tested and broken.
2. Loss of momentum: If the price remains below 1.4536 (MA(7)), the downtrend could accelerate.
3. Broad Market: If crypto market sentiment turns negative, PNUT could drop below 1.3.
Probability:
• Moderate to low in the short term if current volume holds and cash flow remains positive.
Factors supporting growth:
1. Breakout of resistance at 1.4765: If this level is broken on high volume, the price could gain momentum to test 1.6.
2. High volume: A sudden increase in volume would support an accelerated movement.
3. Positive cash flow: Continued accumulation could support growth.
Conclusion:
• Below 1.3: Low probability in the short term, but possible if current supports are broken and volume declines.
• Above 1.6: Moderate probability, but requires breaking of key resistance at 1.4765 and significant increase in volume.
I recommend closely monitoring the 1.39 (support) and 1.48 (resistance) levels.
