Is #PNUT About to Skyrocket or Fall? Massive Bullish Momentum

٢٩ نوفمبر

Yello, Paradisers! Has #PNUTUSDT truly broken free or is this just another fakeout? Let's see the latest analysis of #PeanuttheSquirrel:

💎#PNUT has managed to break out of its falling wedge pattern—a promising bullish signal—fueled by a strong bounce off the critical demand zone at $1.06. However, caution is still warranted as there’s a significant possibility of a retest of this key support zone before the next move unfolds.

💎The immediate focus now shifts to the minor resistance level at $1.41, a crucial barrier that the bulls must overcome. If the price manages to push through this level with rising volume and support from the 50EMA, it could confirm that bullish momentum is taking over. This would set the stage for a potential rally, but the breakout must be decisive to sustain the momentum.

💎On the flip side, if buyers lose steam, a pullback could bring the price back to the breakout zone or even revisit the demand area at $1.06. If this support fails to hold, the next major level to watch is $0.995. A break below $0.995 could hand control back to the bears, leading to a deeper correction and dampening any immediate bullish outlook.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
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