Overall Trend
The overall trend for PNUTUSDT is bearish on the 30-minute timeframe, with the price trading below the 200-period moving average. This indicates a continuation of downward pressure in the near term.
Support and Resistance Levels
Support: $1.00 (key psychological level and bottom of the cluster zone).
Resistance: $1.15 (upper boundary of the cluster zone).
Technical Indicators
RSI (14): At 41.23, the RSI is in the lower neutral range, suggesting weak momentum with a slight bearish bias.
MACD (12,26): Negative MACD values indicate bearish momentum, although the histogram shows signs of narrowing, hinting at potential consolidation.
Volume: The current trading volume of 197.5K suggests moderate participation but no signs of accumulation or distribution.
Cluster and Zone Analysis
The price is consolidating within a defined cluster zone of $1.00 - $1.15, as highlighted by multiple price rejections at both the support and resistance levels. The Ichimoku cloud also aligns with this range, further validating the consolidation.
PNUTUSDT is currently in a consolidation phase with a bearish undertone. Traders should monitor the $1.15 resistance and $1.00 support levels for potential breakouts or breakdowns. A clear directional move is likely to be confirmed by increased volume and momentum indicators like RSI and MACD.