💰 #PNUT Market Update 💰
📊 Price Action Overview:
#PNUT has witnessed a strong breakout, currently trading at 0.7086 (+14.03%). The price has bounced strongly from the second support level at 0.6033, confirming bullish momentum. It has breached key resistance levels, turning them into solid support zones at 0.6406 and 0.6033.
🔍 Moving Averages Insight:
MA25 (Pink Line): Acting as the initial support for recent uptrend confirmations.
MA99 (Purple Line): Indicating a bullish shift as price maintains above this level.
MA200 (Green Line): Signals a broader trend reversal as the price surges past it.
🛠️ $PNUT Highlights:
#PNUT is the governance token of the Peanut Protocol, a DeFi solution aimed at optimizing yield farming and automated market-making strategies. Its recent surge reflects increased trading volume (194.17M) and positive sentiment in the market.
🎯 Key Levels to Watch:
Support Zones: 0.6406 and 0.6033
Next Resistance: Potentially at 0.7300
📈 Strategy Tip: The strong bounce from the second support level indicates renewed buying interest. This breakout might suggest continued bullish momentum. However, always monitor volume confirmations and support retests for entry opportunities.
🔗 Stay tuned for more insights and updates, Crypto Sat Traders!