$PNUT

The refined analysis of the PNUT/USDT chart on the 4-hour timeframe:🔎

1. Current Price Trend 📈

•Price: $1.3643 (+35.01%)

•The price is currently in an uptrend, with a sharp recovery from its recent lows. Buyers are gaining momentum.

•24h High: $1.4037

•24h Low: $0.9533

2. Key Levels 🛠️

•Resistance: The price is nearing its local resistance zone around $1.40, as observed in recent candles. A breakout above this level could signal further upward movement.

•Support: Strong support lies around $1.00–$1.10, which was recently tested and held.

3. Volume Insights 🔊

•High Volume: 24h trading volume is significant (332.50M PNUT). This indicates a surge in trader interest.

•If the volume sustains or increases, it could fuel further bullish momentum.

4. Moving Averages 🌀

•The price is trading above key moving averages, suggesting bullish momentum is intact.

•Watch out for potential consolidation near $1.35–$1.40 before the next move.

5. RSI and Momentum 💥

•Momentum appears to favor buyers for now. If the RSI crosses into overbought territory, a short-term pullback might occur.

6. Order Book Strength 💪

•Buy Orders: 30.68%

•Sell Orders: 69.32%

•Interpretation: Sellers are slightly dominating the order book, which could lead to a temporary correction unless buyers overpower them.

Actionable Strategies 🛠️

•For Bulls 🐂: Look for a breakout above $1.40 with volume confirmation to go long. Place a stop-loss around $1.20 for protection.

•For Bears 🐻: If the price gets rejected at $1.40 and starts dropping, short with a target near $1.10–$1.20.

Summary 🧾

The PNUT/USDT pair is showing promising signs of bullishness, but key resistance around $1.40 could determine the next move. Always combine your analysis with risk management!