$PNUT is ready for pullback:

Bullish Momentum Analysis for PNUT/USDT:

Here’s a detailed analysis to determine if PNUT is ready for a bullish breakout:

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Indicators Assessment:

1. EMA Alignment (Bullish Signal):

EMA(7) > EMA(25) > EMA(99) suggests bullish momentum is intact.

Price is above all these EMAs, confirming the uptrend.

2. Stochastic RSI:

Currently above 80, indicating an overbought condition in the short term. This could lead to a minor pullback or consolidation before further upward movement.

3. RSI (Neutral):

RSI at ~53 shows neutral momentum, leaving room for further upside without being overbought.

4. Volume:

The 24h volume is relatively high, supporting potential bullish continuation if buying pressure persists.

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Price Action:

Consolidation Phase: The price is moving sideways after a strong upward move, which often indicates accumulation before another leg up.

Key Resistance: $2.20 A break above this level will likely trigger bullish continuation.

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Conclusion:

PNUT looks prepared for a bullish continuation, but confirmation is key:

Watch for a breakout above $2.20 with increased volume.

If it fails to break resistance soon, a minor pullback toward $1.81 or $1.62 could occur before another rally.