Technical analysis by alfra about Symbol PNUT: Buy recommendation (4/9/2025)

Bullish divergence spotted! Price is printing lower lows, but RSI is making higher lows — a classic bullish divergence pattern. This signals potential trend exhaustion on the downside. #PNUT is holding above a horizontal support level around 0.12–0.13 USDT, aligning with the divergence signal. Volume is tapering off, indicating decreasing selling pressure. RSI is currently around 37–38 and showing a higher low structure. Key levels to watch: Support: 0.1220–0.1300 USDT (current demand zone). Resistance: 0.1650 USDT (local high), followed by stronger resistance at 0.2000–0.2200 USDT. Scenario ideas: If PNUT can hold above support and RSI continues climbing, we might see a relief rally towards the next resistance zones. A breakdown below 0.1220 would invalidate this bullish setup and could lead to continuation of the downtrend. Still... bullish divergence then will become even more obvious.... Bias: bullish short-term, watching for confirmation. ⚠️ Not financial advice. Always manage your risk! #PNUT #Crypto #Altcoins #BullishDivergence #RSI #TradingView