📊 Pattern Analysis:
Falling Channel (Descending Channel): PNUT formed a clear falling channel from early May to late June 2025. This pattern typically signals a potential bullish reversal once a breakout occurs.
Confirmed Breakout: The price has successfully broken above the upper boundary of the falling channel, which is an early sign of a potential bullish trend.
Strong Support Zone: The horizontal zone around $0.20 – $0.26 USDT has acted as a solid demand base, as seen multiple times from March to June.
✅ Bullish Scenario:
If the breakout continues with momentum, the price could move upward gradually, aiming for the following resistance levels:
1. Target 1: $0.2986 – Minor resistance
2. Target 2: $0.3774 – Previous consolidation area
3. Target 3: $0.4403 – Major historical resistance
4. Target 4: $0.5951 to $0.7674 – Recovery zone from the falling channel
5. Extended Target (Long-Term): $1.0797 to $1.7957 (if a full rally occurs with strong bullish sentiment)
❌ Bearish Scenario:
If the price fails to hold the breakout and re-enters the channel:
Potential drop back to the support zone of $0.2000 - $0.1600
A breakdown below this range may lead to further downside toward $0.1300 to $0.1000 (previous historical low)
🔍 Summary:
The chart displays a classic bullish reversal pattern with a confirmed breakout from the falling channel.
The $0.26–$0.29 area now acts as a key confirmation zone. If the price holds above it and completes a successful retest, the bullish continuation is likely.
However, traders should stay cautious of false breakouts.
#PNUTUSDT #CryptoBreakout #AltcoinSeason #ChartAnalysis #BullishReversal #TechnicalAnalysis #BreakoutTrading #CryptoSignals #DescendingChannel
Falling Channel (Descending Channel): PNUT formed a clear falling channel from early May to late June 2025. This pattern typically signals a potential bullish reversal once a breakout occurs.
Confirmed Breakout: The price has successfully broken above the upper boundary of the falling channel, which is an early sign of a potential bullish trend.
Strong Support Zone: The horizontal zone around $0.20 – $0.26 USDT has acted as a solid demand base, as seen multiple times from March to June.
✅ Bullish Scenario:
If the breakout continues with momentum, the price could move upward gradually, aiming for the following resistance levels:
1. Target 1: $0.2986 – Minor resistance
2. Target 2: $0.3774 – Previous consolidation area
3. Target 3: $0.4403 – Major historical resistance
4. Target 4: $0.5951 to $0.7674 – Recovery zone from the falling channel
5. Extended Target (Long-Term): $1.0797 to $1.7957 (if a full rally occurs with strong bullish sentiment)
❌ Bearish Scenario:
If the price fails to hold the breakout and re-enters the channel:
Potential drop back to the support zone of $0.2000 - $0.1600
A breakdown below this range may lead to further downside toward $0.1300 to $0.1000 (previous historical low)
🔍 Summary:
The chart displays a classic bullish reversal pattern with a confirmed breakout from the falling channel.
The $0.26–$0.29 area now acts as a key confirmation zone. If the price holds above it and completes a successful retest, the bullish continuation is likely.
However, traders should stay cautious of false breakouts.
#PNUTUSDT #CryptoBreakout #AltcoinSeason #ChartAnalysis #BullishReversal #TechnicalAnalysis #BreakoutTrading #CryptoSignals #DescendingChannel
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.