$PNUT #pnut

Summary of the situation:

1. Current price: $1.1995 (-3.34% over the last period).

2. Short-term trend: Stabilizing with slight selling pressure after testing a high at $1.2876.

Key indicators:

• Moving averages (MA):

• The MA(7) ($1.1958) is slightly down, indicating short-term weakness.

• The MA(25) ($1.2176) acts as immediate resistance.

• RSI (6/12/24): Around 50, which shows a neutral situation without clear oversold or overbought.

• MACD: Bearish crossover with a negative histogram, which indicates a slowdown in the bullish momentum.

Supports and resistances:

• Key support: $1.1754 (MA99 and area tested several times recently).

• Immediate resistance: $1.2176 (MA25).

• Higher targets: If the resistance is broken, the next level to watch is $1.2876, followed by $1.35.

Possible scenarios:

1. Bullish scenario:

• A break above $1.2176 could revive the momentum with a target of $1.2876, or even beyond if volumes increase.

2. Bearish scenario:

• A break of the support at $1.1754 could lead to a correction towards $1.10, or even $1.05.

Conclusion:

The market is currently in a waiting phase, with a slight dominance of sellers. Monitor the behavior around the critical levels ($1.1754 and $1.2176) to identify the next trend. Prudent risk management is essential in this volatile environment.#meme_coin #Marketsentimentstoday