How Will PNUT and ANIME Perform After Breaking Key Support Levels?
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- PNUT struggles below $0.241, testing $0.20 with bearish dominance confirmed by EMA alignments.
- ANIME trades below $0.0551, with $0.0450 support in focus as RSI stays oversold at 16.13.
- Both tokens require significant buyer interest to reclaim resistance levels and reverse bearish trends.
PNUT and Animecoin (ANIME) are struggling. Both tokens have fallen below key support levels, and traders are worried. There are not many buyers for either token, and selling continues. This slows down recovery.
PNUT’s Uphill Battle
PNUT token has dropped key support levels at $0.550 and $0.241. These levels now act as resistance. PNUT currently trades near $0.252. It is struggling to regain upward momentum.
The daily chart shows downward-sloping trendlines. This indicates a persistent bearish trend. Exponential moving averages (EMAs) confirm this trend. PNUT trades below the 20, 50, 100, and 200 EMAs. The 20 EMA at $0.296 acts as immediate resistance.
The RSI has dipped to 26. This suggests a potential short-term bounce. However, there are not many buyers, and trading volumes are low. This suggests the relief rally may be capped near $0.322. This is a critical resist…
The post How Will PNUT and ANIME Perform After Breaking Key Support Levels? appeared first on Coin Edition.
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How Will PNUT and ANIME Perform After Breaking Key Support Levels?
Share:
- PNUT struggles below $0.241, testing $0.20 with bearish dominance confirmed by EMA alignments.
- ANIME trades below $0.0551, with $0.0450 support in focus as RSI stays oversold at 16.13.
- Both tokens require significant buyer interest to reclaim resistance levels and reverse bearish trends.
PNUT and Animecoin (ANIME) are struggling. Both tokens have fallen below key support levels, and traders are worried. There are not many buyers for either token, and selling continues. This slows down recovery.
PNUT’s Uphill Battle
PNUT token has dropped key support levels at $0.550 and $0.241. These levels now act as resistance. PNUT currently trades near $0.252. It is struggling to regain upward momentum.
The daily chart shows downward-sloping trendlines. This indicates a persistent bearish trend. Exponential moving averages (EMAs) confirm this trend. PNUT trades below the 20, 50, 100, and 200 EMAs. The 20 EMA at $0.296 acts as immediate resistance.
The RSI has dipped to 26. This suggests a potential short-term bounce. However, there are not many buyers, and trading volumes are low. This suggests the relief rally may be capped near $0.322. This is a critical resist…
The post How Will PNUT and ANIME Perform After Breaking Key Support Levels? appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
CryptoQuant CEO Declares Meme Coins “Dead,” but Many Still See Rebound Potential