Technical analysis by CryptoNuclear about Symbol PNUT: Buy recommendation (9/22/2025)

🔎 Full Analysis The PNU/USDT (1D) chart shows a clear Descending Triangle pattern that has been forming since May 2025. Price is currently trading around 0.2216 USDT, moving closer to the apex of the pattern — a sign that a big move is likely approaching. ⚙️ Pattern Details Strong Support (Accumulation Zone): 0.19 – 0.24 This area has been tested multiple times and continues to attract buyers. Descending Resistance: A downward sloping trendline from May’s high is pressing price lower, forming consecutive lower highs. Characteristics: While this pattern is typically seen as a bearish continuation, it can also turn into an accumulation base if buyers step in with strong volume. --- 🚀 Bullish Scenario Confirmation: Daily close above 0.3027 with strong volume. Step-by-step targets: First breakout level: 0.3027 Next targets: 0.3774 → 0.415 → 0.4403 Extended target if momentum accelerates: 0.5951 Measured Move Potential: A confirmed breakout projects a move toward 0.415 – 0.44 USDT. Bullish Narrative: A breakout above the descending trendline could signal the start of a major reversal from long-term accumulation. Buyers regaining control may drive PNU/USDT back toward the 0.40 – 0.60 zone. --- 📉 Bearish Scenario Confirmation: Daily close below 0.19 with high volume. Step-by-step targets: Conservative target: 0.10 USDT (chart low label) Aggressive measured move target: 0.08 USDT Bearish Narrative: If 0.19 fails as support, the descending triangle would act as a continuation pattern of the previous downtrend, potentially triggering a deeper breakdown toward 0.10 or even lower. --- 📌 Conclusion PNU/USDT is at a critical decision point: Bullish case: Breakout above the trendline could unlock a reversal and rally toward 0.40+. Bearish case: Breakdown below 0.19 could extend the downtrend to 0.10 or lower. With price approaching the apex, volatility is expected soon. Traders should wait for daily close + volume confirmation before committing to a position and apply strict risk management to avoid false breakouts. --- ⚡ Key Levels to Watch Support zone: 0.19 – 0.24 Critical resistance: 0.3027 Breakout targets: 0.3774 → 0.415 → 0.4403 → 0.5951 Breakdown targets: 0.10 – 0.08 --- #PNUT #PNUTUSDT #PeanutTheSquirrel #TechnicalAnalysis #DescendingTriangle #CryptoAnalysis #Altcoin #Breakout #BearishOrBullish #CryptoTrading