$PNUT Rebounds +5.85%! Watch the Momentum! 🚀🔥
Current Price: PNUT is trading at $1.2022, gaining strength from a 24h low of $1.0668 and aiming for its 24h high of $1.2761.
• Moving Averages:
• MA(7) at $1.2162 and MA(25) at $1.1685 indicate bullish short-term momentum as PNUT consolidates above key levels.
• MA(99) at $1.2432 could act as a resistance level to monitor.
• Volume: Strong volume on the rebound signals a renewed push by buyers.
• Support and Resistance:
• Support: Immediate support is at $1.1685 (MA(25)), with stronger support at $1.0668 (24h low).
• Resistance: Key resistance lies at $1.2432 (MA(99)) and $1.2761 (24h high). Breaking these levels could spark further upside.
Trend Outlook:
PNUT is showing signs of recovery after testing lower levels. Sustaining above $1.2000 could solidify a bullish breakout, with potential targets near $1.3000.
The bulls are back, and the momentum is building. Keep an eye on volume and resistance levels for the next move.