$PNUT Technical Analysis – A Meme Coin with Momentum!

Current Price: $1.7023 (+2.14%)

24h High: $1.7814 | 24h Low: $1.5000

24h Volume: 276.95M PNUT ($451.83M USDT)

The meme coin $PNUT is holding strong with a solid +2.14% increase, and traders are keeping a close eye on its movements. Here's what we’re seeing on the charts:

Key Levels to Watch:

Resistance (White): $1.7814 – The recent high could act as a resistance level, so watch closely for potential breakouts above this price.

Support (Green): $1.6100 – This price level is crucial for bulls to maintain control. A dip below this could signal a shift in momentum.

Bearish Alert (Red): $1.4321 – A drop below this level could lead to further consolidation or a decline in price.

Indicators:

MA(7): $1.6526 – The short-term moving average shows the price above this level, which supports the current bullish trend.

MA(25): $1.6210 – This moving average suggests some consolidation around this price range. If the price stays above this, the bullish momentum may continue.

MA(99): $1.6850 – The long-term moving average is close to current price levels, signaling potential support.

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