$PNUT is trading at $0.5824, gaining 7.16% within the last 24 hours, rebounding strongly from its low of $0.5280. With the RSI at 61.63, the momentum is leaning bullish as the price approaches critical resistance levels.
Key Levels to Watch:
Resistance 1: $0.6000 – Immediate breakout level.
Resistance 2: $0.6200 – Major zone for bullish continuation.
Support: $0.5600 – Key level to hold to maintain upward momentum.
Targets for Upside Movement:
1. $0.6000 – Initial target for the breakout.
2. $0.6200 – Secondary resistance level.
3. $0.6500 – Extended bullish target.
Trade Insight:
A breakout above $0.6000 could signal further gains, with the potential to target $0.6500. However, failure to hold $0.5600 may result in a pullback toward $0.5400. Monitor volume and momentum for confirmation before taking action.