Technical analysis by weslad about Symbol PNUT: Buy recommendation (7/11/2025)

PNUTUSDT is showing a well defined bottoming structure, completing a rounded reversal formation. Price is currently building momentum within the buy-back zone, supported by a successful break of the mid-structure line (MSL). Continuation above the IIRL neckline could trigger the next impulsive leg toward the immediate target at 0.8526, with the final setup target projected at 1.9521. Holding above 0.1831 is critical for maintaining bullish structure.