🚀 PNUT/USDT On the Rise! What’s Next? 📈

Analysis:

The chart of PNUT/USDT shows a strong upward trend on the 15-minute timeframe with a significant +9.92% price increase. Here’s a breakdown:

1. Moving Averages:

• EMA(7), EMA(25), and EMA(99) indicate an uptrend as the shorter EMA is above the longer ones, confirming bullish momentum.

2. Volume Surge:

• High trading volume reflects strong buying interest.

3. Stochastic RSI:

• Overbought zone (89.24), signaling a potential short-term correction.

4. RSI Levels:

• RSI(6) at 77.27 and RSI(12) at 77.99 suggest the market is overbought but still in strong momentum.

Prediction:

• Short-term: A slight pullback could occur as the indicators suggest overbought levels.

• Medium-term: If the bullish momentum sustains, the price might aim for the next resistance at $0.78 - $0.80.

Pro Tip:

• Watch for a retracement to key support levels ($0.73 - $0.74) for potential entry points. Use proper risk management! 🛡️$PNUT