Technical analysis by darksignal about Symbol PNUT: Buy recommendation (10/6/2025)

On the Peanut the Squirrel / USDT 4-hour chart, after a prolonged downtrend, the price has stabilized around the $0.19 level, forming a solid support zone. Since then, the market has been gradually recovering, creating higher lows, which suggests a shift in sentiment from bearish to moderately bullish. The moving averages are converging, and the shorter one is attempting to cross above the longer one — a classic signal indicating the possible start of an upward move. Currently, the price is trading around $0.22, holding above local support and the short-term moving average, which shows that buyers are regaining control. The RSI, after a recent decline, is turning upward without reaching overbought territory, leaving room for further growth. If bulls manage to maintain the price above $0.21 and break the nearest resistance at $0.23, it could open the way for a continuation toward $0.25 and then $0.28. In the longer term, if the positive momentum holds, the market has the potential to rise toward the $0.32 area, which marks a strong resistance from previous highs. In summary, the chart structure and technical indicators suggest an increasing likelihood of a continued upward trend, with a potential target around $0.32, as long as the key support at $0.21 remains intact. Potential TP: 0.32 USD