PNUT Price Surges as Metrics Signals Strengthening Uptrend
PNUT price is gaining attention as one of the top ten meme coins in the market. The coin has shown signs of bullish momentum with ADX rising, relative strength index It is close to overbought levels, suggesting there is room for continued growth.
If the uptrend strengthens, PNUT could test $1.87 or even $2.50, challenging POPCAT’s ranking position. However, a loss of momentum could lead to PNUT facing a major correction, testing support as low as $0.41.
PNUT buying pressure continues to increase
PNUT price Currently in an uptrend, ADX climbed to 17.5 from below 9 a day ago, indicating that the trend strength is improving. ADX (Average Directional Index) measures the strength of a trend on a scale from 0 to 100, but does not indicate its direction.
Values above 25 indicate a strong trend, while values below 20 indicate a weak or no trend. Current ADX levels reflect that while PNUT’s upward trend is not yet strong, the significant growth suggests momentum is building.
The rapid rise in ADX suggests that buying pressure may be building, with the potential for a stronger uptrend to form if the trend gains traction further.
Although still below the 25 threshold that signals a strong trend, the upward shift in ADX highlights the possibility of continued price growth if current conditions persist.
PNUT RSI continues to rise
PNUT’s RSI is currently at 64.7, a sharp climb from below 50 a day ago, indicating that bullish momentum is building. RSI (Relative Strength Index) measures the speed and magnitude of price changes on a scale from 0 to 100.
Values above 70 indicate overbought conditions and the possibility of a pullback, while values below 30 indicate oversold conditions and usually signal a possible rebound. With current levels approaching overbought territory, PNUT Reflecting strong buying activity, there is still room for further growth.
Since PNUT price has not entered the overbought zone above 70 since November 14, its current RSI suggests that the uptrend may continue before hitting resistance. Historically, RSI levels near 70 coincide with periods of strong price gains, leaving room for further gains.
If buying pressure persists, PNUT price The rally could extend further before reaching overbought territory, providing more short-term upside opportunities.
PNUT Price Prediction: Can Market Cap Surpass POPCAT?
PNUT, currently ranked ninth same corner The market is showing signs of strengthening the upward trend. If it builds momentum and breaks the $1.41 resistance, it could climb to $1.87.
If there is a successful break above this level, PNUT price could test $2.21 and potentially reach $2.50 again, putting it in a good position to move beyond this level popular cat exist Meme Coin rankings, as today the difference between them is about $20 million.
However, if the current uptrend loses momentum, a reversal could occur PNUT price A test of key support levels at $1.04 and $0.74. If these support levels fail to hold, the price could drop further to $0.41, signaling a major correction.
Disclaimer
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