$PNUT
đ PNUT/USDT Technical Analysis đ
Current Price: $0.6149
PNUT/USDT is showing signs of recovery after stabilizing near key support at $0.6000. The price is testing immediate resistance at $0.6300, and a breakout above this level could drive it toward $0.6600 and $0.7000. Bulls are gradually building momentum, and an increase in volume could confirm the next upward move.
đ Key Levels to Watch:
Support: $0.6000 (critical level for bullish continuation).
Resistance: $0.6300 (a breakout could trigger a move toward $0.6600â$0.7000).
đ Entry Strategy:
Bullish Scenario: A clear breakout above $0.6300 with strong volume could signal a rally to $0.6600 and higher.
Bearish Scenario: If $0.6000 support fails, a retest of $0.5800 may be on the cards.
đ Technical Indicators:
The RSI is turning upward, reflecting growing buying interest. Price consolidation near resistance indicates accumulation, with volume acting as the confirmation trigger.
â ïž Outlook: PNUT/USDT is at a critical resistance level. A breakout above $0.6300 could fuel a bullish move to $0.7000, while holding $0.6000 support is vital to maintain the upward momentum. Watch closely for volume and breakout signals! đ
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