š PNUT/USDT On the Rise! Whatās Next? š
Analysis:
The chart of PNUT/USDT shows a strong upward trend on the 15-minute timeframe with a significant +9.92% price increase. Hereās a breakdown:
1. Moving Averages:
⢠EMA(7), EMA(25), and EMA(99) indicate an uptrend as the shorter EMA is above the longer ones, confirming bullish momentum.
2. Volume Surge:
⢠High trading volume reflects strong buying interest.
3. Stochastic RSI:
⢠Overbought zone (89.24), signaling a potential short-term correction.
4. RSI Levels:
⢠RSI(6) at 77.27 and RSI(12) at 77.99 suggest the market is overbought but still in strong momentum.
Prediction:
⢠Short-term: A slight pullback could occur as the indicators suggest overbought levels.
⢠Medium-term: If the bullish momentum sustains, the price might aim for the next resistance at $0.78 - $0.80.
Pro Tip:
⢠Watch for a retracement to key support levels ($0.73 - $0.74) for potential entry points. Use proper risk management! š”ļø$PNUT