$PNUT
The refined analysis of the PNUT/USDT chart on the 4-hour timeframe:đ
1. Current Price Trend đ
âąPrice: $1.3643 (+35.01%)
âąThe price is currently in an uptrend, with a sharp recovery from its recent lows. Buyers are gaining momentum.
âą24h High: $1.4037
âą24h Low: $0.9533
2. Key Levels đ ïž
âąResistance: The price is nearing its local resistance zone around $1.40, as observed in recent candles. A breakout above this level could signal further upward movement.
âąSupport: Strong support lies around $1.00â$1.10, which was recently tested and held.
3. Volume Insights đ
âąHigh Volume: 24h trading volume is significant (332.50M PNUT). This indicates a surge in trader interest.
âąIf the volume sustains or increases, it could fuel further bullish momentum.
4. Moving Averages đ
âąThe price is trading above key moving averages, suggesting bullish momentum is intact.
âąWatch out for potential consolidation near $1.35â$1.40 before the next move.
5. RSI and Momentum đ„
âąMomentum appears to favor buyers for now. If the RSI crosses into overbought territory, a short-term pullback might occur.
6. Order Book Strength đȘ
âąBuy Orders: 30.68%
âąSell Orders: 69.32%
âąInterpretation: Sellers are slightly dominating the order book, which could lead to a temporary correction unless buyers overpower them.
Actionable Strategies đ ïž
âąFor Bulls đ: Look for a breakout above $1.40 with volume confirmation to go long. Place a stop-loss around $1.20 for protection.
âąFor Bears đ»: If the price gets rejected at $1.40 and starts dropping, short with a target near $1.10â$1.20.
Summary đ§Ÿ
The PNUT/USDT pair is showing promising signs of bullishness, but key resistance around $1.40 could determine the next move. Always combine your analysis with risk management!
