PNUT Surges 8% Toward $0.2449 Resistance as Breakout Rally Builds Momentum

PNUT is trading at $0.2409 after gaining 8.0% in the last 24 hours.

The price is approaching resistance at $0.2449 with immediate support at $0.2175.

A breakout above the descending wedge suggests possible retest of key levels between $0.2655 and $0.3951.

Peanut (PNUT) has maintained its upward trend after recording a robust 8.0% gain in the last 24 hours. The price is currently $0.2409, headed towards the immediate resistance level of $0.2449. This follows a period of sustained consolidation between late May and early July. Price action shows a clean breakdown of the descending wedge pattern, which is a shift in recent trend behavior. The chart shows a sharp tightening of range in the last few weeks.

However, the most recent session has pushed the price through wedge resistance, sparking renewed interest. This breakout has now placed PNUT within range of its short-term resistance zone, suggesting increased market activity ahead.

PNUT Holds Support as Price Targets Key Resistance Levels

Support for PNUT is holding firm at $0.2175. This level has been tested multiple times during the recent consolidation phase. The current structure places the price above this key support while trending toward the next resistance barrier at $0.2449.

Several upper resistance levels are now in sight. These include $0.2655, $0.3004, and $0.3923. Each level represents previous reaction zones from May’s peak move. The wider upside target on the chart extends to $0.4880 if the momentum continues.

The overall setup remains framed between $0.1936 as the lower risk threshold and $0.4880 as the upper limit on the visible range.

PNUT Confirms Triangle Breakout as Volatility Builds

The triangle breakout pattern has been confirmed with today’s price movement. Volume and volatility appear to be building into mid-July. The visible breakout box projects potential price range expansion into the August–September window.

The upper boundary of this projection reaches beyond $0.3951, while lower limits still sit above the critical $0.1936 support. Price currently moves in a well-defined structure, with previous highs aligning with marked horizontal resistance zones. As of now, PNUT continues to hold its short-term gains and trades near breakout confirmation levels.

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