$PNUT 🚀 PNUT/USDC Analysis (December 1, 2024) 🚀
📊 Current Trend:
PNUT is showing a nice bullish recovery after a low at 1.1252 USDC. Buyers are dominating the market, pushing prices to new highs! 📈🔥
🔍 Key Takeaways:
1️⃣ Important Supports:
• 1.1890 USDC 🟢 (short-term support).
• 1.1553 USDC 🟢 (safe zone).
• 1.1250 USDC 🛡️ (major support).
2️⃣ Resistances to Watch:
• 1.2150 USDC ⚠️ (first barrier to break).
• 1.2422 USDC ⚡ (intermediate resistance).
• 1.3276 USDC 🚀 (ambitious target).
3️⃣ Technical Indicators:
• RSI (market strength): Overbought level, buyers take the advantage 📈.
• MACD: Bullish momentum confirmed ✅.
• Bollinger Bands: Upward expansion = high volatility ⚡.
🔮 Possible Scenarios:
• 📈 Bullish: If the resistance 1.2150 USDC is crossed, next target at 1.2422 USDC and potentially 1.3276 USDC 🚀.
• 📉 Bearish: In case of a correction, prices could retest 1.1890 USDC or even 1.1553 USDC ⚠️.
• 🔄 Consolidation: A sideways break between 1.1890 USDC and 1.2150 USDC before a new move.
💡 Pro tip: Wait for a clear breakout or a pullback to support before entering a position. Stay vigilant, volatility can offer opportunities… or surprises! 😎📉📈
👉 Trade with caution! 💼
