$PNUT Crunching the Numbers 🥶🔥
Current Price: $1.8024 (+3.61%)
The meme coin is showing resilience, consolidating after a recent surge.
Technical Analysis:
• Resistance: $2.2041 (recent high), a breakout above this level could signal another leg upward.
• Support: $1.5300 (key low), a critical level for holding bullish momentum.
Moving Averages:
• MA(7): $1.8350 (current price slightly below short-term support).
• MA(25): $1.8065 (hovering near it, signaling potential consolidation).
• MA(99): $1.5528 (long-term support holding strong).
Volume:
High spike in volume near $2.2041 indicates strong interest, but the current drop shows indecision among traders.
Indicators to Watch:
• Trend Direction: Sideways consolidation suggests waiting for a breakout above resistance or a retracement to support.
• Momentum: Neutral; a sustained volume push could tilt the balance.
⚡ Strategy:
• Bullish Bias: Look for a clean break above $2.2041 to aim for new highs.
• Caution: Falling below $1.5300 may trigger further correction.
Stay vigilant; PNUT could be gearing up for its next big move!