$PNUT is showing strong upward momentum, with its price supported by both moving averages and increasing volume. However, traders should monitor the resistance at $1.3411 and the RSI, as the token is approaching the overbought zone. A breakout above $1.3411 could push the price toward the $1.40-$1.50 range, while failure to maintain the current support levels may trigger a retest of $1.1855.
Bullish traders: Look for a breakout above $1.3411 for potential entry.
Cautious traders: Wait for a pullback near $1.1855 or confirmation of continued bullish momentum above $1.3411.
Key Support and Resistance Levels:
Support:
$1.1855: Recent consolidation area.
$1.1439: Long-term MA support.
Resistance:
$1.3411: Recent high, acting as immediate resistance.
$1.40: Psychological resistance if bullish momentum continues.
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