The price action for $PNUT is currently printing a sequence of higher lows, signaling a shift in momentum as buyers absorb supply at the intraday support zone. We are observing a consolidation phase that often precedes a move toward liquidity resting above the recent resistance levels.
With the 1H timeframe showing sustained bullish pressure, the focus remains on whether the asset can maintain this momentum to clear the overhead supply. Do you see this as a local bottom or a temporary relief bounce?
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