Here's the analysis for PNUT over the next 24 hours:
Current Price and Trends
PNUT's current price is $0.5291, with a 1.60% increase in the past 24 hours. The token has experienced significant price fluctuations, with a 24-hour trading volume of $1.14 billion and a market capitalization of $555,991,468 ¹.
Technical Analysis
The Relative Strength Index (RSI) is at 37.83, suggesting weak momentum and placing the token near oversold territory. The Average Directional Index (ADX) stands at 18.76, indicating weak trend strength and little directional momentum ¹.
Resistance and Support Levels
Immediate resistance is identified at $0.6000, followed by a second resistance level at $0.6200, which could lead to an upward movement toward an extended target of $0.6500. Support is currently seen at $0.5600, a level the token needs to maintain to sustain upward momentum ¹.
Price Predictions
Some predictions suggest PNUT may reach $1.35 if it consolidates above $1.55. Others predict a potential drop to $0.4-$0.2 if a bearish rectangle forms ².
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always do your own research and consider multiple sources before making any investment decisions.
#Pnut $PNUT