📊 Current Market Status:
PNUT appears to be pausing its bullish momentum, after hitting key resistance at 1.2150 USDC. Selling pressure is showing slightly, but supports remain strong, signaling a possible consolidation or bounce in the short term.
🔍 Updated Key Points:
1️⃣ Important Supports:
• 1.1740 USDC 🟢 (immediate support tested several times).
• 1.1250 USDC 🛡️ (major support, market pivot).
• 1.0536 USDC ⚠️ (last line of defense in case of fall).
2️⃣ Resistances to Watch Out for:
• 1.2150 USDC ⚠️ (still a critical barrier).
• 1.2494 USDC ⚡ (new intermediate resistance identified).
• 1.2867 USDC 🚀 (possible target in case of rally).
3️⃣ Technical Indicators:
• RSI: Pullback from overbought level. Current level around 40-45, signaling a possible recovery or continuation of consolidation.
• MACD: Slight weakness in bullish momentum, but no clear sell signal yet ⚖️.
• Bollinger Bands: Progressive compression = reduction in future volatility, often announcing an explosive movement.
🔮 Possible Scenarios:
• 📈 Bullish Scenario:
If the price bounces off 1.1740 USDC and breaks 1.2150 USDC again, the next target will be 1.2494 USDC, with a potential extension to 1.2867 USDC 🚀.
• 📉 Bearish Scenario:
A break below 1.1740 USDC could push prices back towards 1.1250 USDC or even test the critical support at 1.0536 USDC ⚠️.
• 🔄 Consolidation :
A period of lateralization between 1.1740 USDC and 1.2150 USDC remains likely in the short term, before a breakout.
💡 Strategic Council:
• Active Waiting: Observe reactions around supports and resistances.
• If you are long, aim for a bounce on 1.1740 or wait for a break above 1.2150 USDC ✅.
• Stop-Loss recommended below 1.1740 to limit risks ⚠️.
👉 Stay tuned for the movements! 📈💼 The market is still on alert with volatility that could explode soon. 🦿
#Crypto#PNUT#Analyze
