PNUT night market analysis and bold predictions

PNUT price is at $1.7646, with significant gains over the past few hours. This performance was mainly driven by recent social media buzz and market buying.

1. Current market performance

1. Price trend:

PNUT recently broke through the key resistance of $1.5 and directly rose to around $1.76. A break above $1.80 would open further upside.

2. Transaction volume and capital trends:

The current trading volume is higher than yesterday, indicating continued inflows of funds, providing support for prices. On-chain data also shows signs of increased holdings by some large investors, indicating strong market confidence.

2. Technical indicator analysis

• Resistance and support levels:

• Resistance: $1.80 (psychological level).

• Support: $1.60. If it falls below, a pullback to $1.50 is possible.

• RSI indicator: RSI is close to the overbought zone, and there is a risk of a slight correction in the short term, but the upward trend remains strong.

3. Bold predictions at night

1. Bullish scenario: If buying continues to be strong, PNUT may break through $1.80 overnight and may test as high as the $2.0 mark.

2. Shock scenario: If market trading volumes slow down, prices may consolidate between $1.70 and $1.80.

3. Bearish scenario: If profit taking is concentrated, the price may fall back to the $1.60 support level.

4. Strategic suggestions

• Aggressive traders: You can pay attention to whether the price breaks through $1.80, follow up with a light position, target $2.0, and set the stop loss below $1.70.

• Steady investors: It is recommended to place a callback near $1.60, with a target of above $1.80 and a stop loss of $1.50.

Conclusion: PNUT is currently on a strong upward trend, but we need to be wary of the risk of short-term corrections. Investors can flexibly adjust their strategies and pay attention to changes in market sentiment and social media dynamics. $PNUT