PNUT price is gaining attention as one of the top 10 biggest meme coins in the market. The token has shown signs of bullish momentum, with its ADX rising and RSI nearing overbought levels, suggesting room for continued growth.

If the uptrend strengthens, PNUT could test $1.87 and even $2.50, challenging POPCAT’s position in the rankings. However, a loss of momentum could see PNUT face significant corrections, testing support levels as low as $0.41.

PNUT Buying Pressure Is Increasing

PNUT price is currently in an uptrend, with its ADX climbing to 17.5 from below 9 just a day ago, signaling improving trend strength. The ADX, or Average Directional Index, measures the strength of a trend on a scale from 0 to 100, without indicating its direction.

Values above 25 indicate a strong trend, while values below 20 suggest a weak or no trend. The current ADX level reflects that while PNUT’s uptrend is not yet strong, the significant increase suggests momentum is building.

The rapid rise in ADX indicates that buying pressure may be increasing, creating the potential for a stronger uptrend if the trend gains further traction.

Although still below the 25 threshold, which marks a strong trend, this upward shift in ADX highlights the possibility of continued price growth if current conditions persist.

PNUT RSI Keeps Rising

PNUT’s RSI is currently at 64.7, climbing significantly from below 50 just a day ago, indicating strengthening bullish momentum. The RSI, or Relative Strength Index, measures the speed and magnitude of price changes on a scale from 0 to 100.

Values above 70 suggest overbought conditions and potential for a pullback, while values below 30 indicate oversold conditions, often signaling a possible rebound. With its current level approaching the overbought zone, PNUT reflects s

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Author: Tiago Amaral