Step 1: Market Structure & Trend Analysis

Overview of Daily Chart

• From early April 2025 to early May, PNUT stayed in a consolidation range ($0.12–$0.19), with volume gradually increasing.
• A massive breakout occurred on May 8-13, with price surging from ~$0.18 to over $0.48, accompanied by a huge spike in volume.
• After peaking, the asset entered a corrective phase, showing falling highs and lows, stabilizing around $0.22–$0.32 throughout June and into July.

Recent Price Action (July 1st to July 9th)

• Fluctuation between ~$0.19 and ~$0.24, with attempts to break higher met by selling pressure and frequent rejections.
• Latest daily candles are small-bodied with upper shadows, indicating indecision and supply meeting buyers near $0.23.

Intraday Trend (last 24 hours)

• Starting from $0.213, climbed steadily to $0.231, with healthy hourly volume surges during upward impulses.
• Higher lows and higher highs are progressively being set, signaling a building bullish momentum.

Step 2: Technical Indicators & Tools

Moving Averages

• Short-Term (10-EMA, 20-EMA estimation): Recent closing prices (> $0.223) are above what would approximate short-term moving averages, suggesting an uptick in local momentum.
• Medium-Term (50-EMA): Current price ($0.231) is likely only just approaching the 50-day EMA after a long period beneath it. The move above $0.23 would confirm bullish intent.

RSI (Relative Strength Index)

• Daily RSI estimate: With consolidation after a sharp selloff and then a recent grind higher, the RSI is rising but unlikely to be overbought (est. 55-60). Suggests further room for upside.
• Hourly RSI: Likely touching 65-70 on the last upsurge—approaching, but not reaching, overbought territory.

MACD (Moving Average Convergence Divergence)

• Daily MACD: Likely flattening or attempting a bullish cross. The histogram would be turning positive “from below,” aligning with bottoming action.

Volume Analysis

• Impressive upticks during upward hourly candles, especially $0.223 → $0.231 range.
• Low selling volumes outside the main push indicate buyers are dominating short-term flow.

Support/Resistance Mapping

• Major Support: $0.213, $0.220, $0.223 (recent previous lows/close clusters)
• Resistance: $0.233, $0.240 (local highs in last two weeks), and $0.248 (July 2 high)

Volatility Assessment

• Intraday volatility moderate to high – multi-cent moves repeatedly occur, with volume absorption suggesting possible squeeze up on low liquidity breaks.

Step 3: Trading Patterns & Behavioral Signals

• Rounded Bottom/Accumulation: The sequence from late June through early July exhibits a rounded bottom, basing above $0.20 before turning higher—a classic accumulation pattern.
• Bullish Engulfing on Intraday: July 9th, 19:00–20:00, shows a strong bullish engulfing candle (low $0.228 → close $0.231), on higher volume.
• Dip Buy Behaviors: Each dip below $0.22 quickly meets demand, suggesting whales or larger participants positioning for upside.

Step 4: Fib Retracement, Targets, Risk Management

• Using June's high ($0.301) and recent base ($0.204), the 61.8% retrace is ~$0.265; price is on a recovery path to test this key area.
• Immediate upside target: $0.237–$0.240 (prior resistance and recent swing highs).
• Stop-loss for risk: Just below support layer at $0.221.

Step 5: Synthesis & Prediction (24h Outlook)

• Increasing volume on upward candles, healthy technicals, and a basing structure suggest short-term follow-through is likely.
• Probability favors a bullish sweep of the $0.233/$0.240 highs within 24 hours.
• However, $0.240–$0.248 is a significant hurdle—partial profit-taking is advised near there.

Step 6: Positioning & Optimal Entry

• Buy bias is confirmed by accumulation, volume, short-term moving average crosses, and lack of strong overhead resistance to $0.237–$0.240.
• Optimal entry: Wait for a minor pullback to $0.228–$0.229 area if available (previous intraday consolidation and volume node), or enter near current price ($0.231) if momentum persists.
• Target exit: $0.238 (front-run resistance at $0.240), with potential for greater run if volume spikes.

Final Recommendation

• Action: Buy
• Open Price: $0.229 (ideal pullback zone; $0.231 maximum if no retrace)
• Close Price/Take Profit: $0.238 (ahead of strong resistance)
• Stop-loss (implied, not formal in request): $0.221

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Conclusion: The technicals and sentiment align for a short-term bullish swing on PNUT with well-defined risk/reward. Enter on slight retrace, target test of $0.238 as first take-profit; watch for breakout cues above $0.240 for more aggressive extension trades.