$PNUT Gearing Up for the Next Move?

Current Price: $1.7341 (+0.29%)

24h High: $1.9463 | 24h Low: $1.6243

Volume: 360.20M PNUT

📊 Technical Analysis:

• Support Zone: The $1.62 level is showing strong buying interest, bouncing off the MA99 ($1.6164).

• Resistance Levels: Immediate resistance lies near $1.7963 (MA25), with a significant breakout level at $1.94.

• Momentum Insight: PNUT’s consolidation between $1.62 and $1.94 suggests a potential squeeze, and with the MA7 close at $1.7421, momentum is neutral but could flip bullish with a breakout.

Market Sentiment:

Volume has decreased after the $2.20 rejection, but traders are still accumulating. Watch for renewed volume spikes as a sign of a possible breakout.

Trade Setup:

• Long Entry: Above $1.80 with a target of $2.00 and $2.20.

• Short Play: Rejection near $1.80 could signal a revisit to $1.62 for scalping opportunities.

• Risk Management: Place stops around $1.62 for a safer play.

Outlook:

Is PNUT primed for another run, or are we looking at a short-term pullback? Keep an eye on volume and critical levels for the next big move.

What’s your next play? Let’s strategize! 🚀

#NextMarketMoves #USUALonLaunchpool&Pre-Market #MemecoinWars #PNUTSurge