As of December 22, 2024, PNUT/USDT is trading at approximately $0.75.

The Relative Strength Index (RSI) is at 55.51, indicating balanced buying and selling pressures, with a slight bullish inclination.

The Moving Average Convergence Divergence (MACD) shows a narrowing histogram below zero, suggesting that bearish momentum is waning and a potential bullish crossover could be forthcoming.

The price is consolidating above the 200-period Simple Moving Average (SMA) at $1.1131, indicating a potential shift toward bullish sentiment if it maintains above this level.

Immediate support is at $1.25, with major support at $1.1131 aligning with the 200 SMA. Resistance levels are at $1.30 and $1.3847.

In summary, PNUT/USDT is stabilizing after recent volatility, with technical indicators suggesting a neutral to slightly bullish outlook. Monitoring the support and resistance levels will be crucial for anticipating future price movements.

#Crypto #PNUT #USDT