$PNUT Next move analysis:

The chart shows PNUT/USDT with indicators like Exponential Moving Averages (EMA), Stochastic RSI, and Relative Strength Index (RSI) on the 1-hour timeframe.

Key Observations:

1. EMA Trends:

EMA(7) and EMA(25) are close, indicating a consolidation phase.

EMA(99) below the price suggests the overall trend is bullish.

2. Stochastic RSI:

High values (above 80) indicate the market might be overbought in the short term, suggesting potential for a pullback or sideways movement.

3. RSI:

RSI around 53 indicates neutral momentum; no strong overbought/oversold conditions.

4. Volume:

Relatively high 24-hour volume supports market activity.

Possible Scenarios:

Bullish Continuation: If the price breaks above the recent high (~2.20), further upside is possible.

Consolidation: The price might hover around the current level as EMA bands tighten.

Bearish Pullback: If the price breaks below EMA(25), a retracement toward EMA(99) (~1.39) could occur.

Next Steps:

Watch for a breakout above or below key levels with strong volume.

Use support at 1.62 (24h low) and resistance at 2.20 (24h high) for decision-making.