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PNUT/USDT COINS ANALYSIS ON CURRENT SITUATION REMARKABLE MOVE 👇🔥 MASSIVE DUMP THEN PUMP 🔥👇👇
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📉 PNUT/USDT Analysis: Current Market Outlook 📈 The 4-hour chart for PNUT/USDT on Binance indicates that the price is consolidating within a descending wedge pattern, a structure often associated with potential bullish breakouts. Let’s break it down: Key Observations: 1. Price Pattern: The descending wedge is characterized by converging trendlines, indicating a gradual decrease in both highs and lows. The price is currently near the lower boundary of the wedge, suggesting a potential bounce or breakout in the near future. 2. Volume Analysis: The current 24-hour volume shows significant activity (372.15M PNUT, $285.94M USDT), which is a crucial metric for assessing the strength of the next move. A breakout from this pattern is typically accompanied by an increase in volume, so monitoring this closely is essential. 3. Support and Resistance Levels: Support: $0.6694 (recent low) and $0.5000 (psychological level). Resistance: $0.8806 (24-hour high) and $1.5000 (upper boundary of the wedge). 4. Indicators: No immediate indicators are visible in the screenshot, but traders should analyze RSI, MACD, and EMA to confirm potential breakout momentum. What’s Next? Bullish Scenario: If the price breaks above the wedge's upper trendline, a bullish rally could follow, with potential targets at $1.50 and $2.00. Bearish Scenario: A breakdown below $0.6694 could push the price toward $0.50 or lower, invalidating the wedge pattern. Recommendations: For Bulls: Wait for confirmation of a breakout above the upper trendline with increased volume before entering long positions. For Bears: Look for a breakdown below the lower boundary with a retest to confirm further downside potential. ---#GrayscaleSUITrust ⚠️ Disclaimer: This is not financial advice. Always conduct your own research and consider market risks before trading. What’s your outlook on PNUT/USDT? Share your thoughts in the comments below! 📊 #FranklinCryptoETF #MarketPullback #USUALTradingOpen #PENGUOpening
$BTC According to Odaily, monitoring by Trader T reveals that BlackRock's IBIT recorded a pre-market trading volume of $216 million today. Of this, 33% were active buy orders, while 39% were active sell orders.
#BTCNextMove According to Odaily, monitoring by Trader T reveals that BlackRock's IBIT recorded a pre-market trading volume of $216 million today. Of this, 33% were active buy orders, while 39% were active sell orders.