Falling Channel Breakout on PNUT/USDT – Next Stop: $0.76?

📊 Pattern Analysis:

Falling Channel (Descending Channel): PNUT formed a clear falling channel from early May to late June 2025. This pattern typically signals a potential bullish reversal once a breakout occurs.

Confirmed Breakout: The price has successfully broken above the upper boundary of the falling channel, which is an early sign of a potential bullish trend.

Strong Support Zone: The horizontal zone around $0.20 – $0.26 USDT has acted as a solid demand base, as seen multiple times from March to June.

✅ Bullish Scenario:

If the breakout continues with momentum, the price could move upward gradually, aiming for the following resistance levels:

1. Target 1: $0.2986 – Minor resistance

2. Target 2: $0.3774 – Previous consolidation area

3. Target 3: $0.4403 – Major historical resistance

4. Target 4: $0.5951 to $0.7674 – Recovery zone from the falling channel

5. Extended Target (Long-Term): $1.0797 to $1.7957 (if a full rally occurs with strong bullish sentiment)

❌ Bearish Scenario:

If the price fails to hold the breakout and re-enters the channel:

Potential drop back to the support zone of $0.2000 - $0.1600

A breakdown below this range may lead to further downside toward $0.1300 to $0.1000 (previous historical low)

🔍 Summary:

The chart displays a classic bullish reversal pattern with a confirmed breakout from the falling channel.

The $0.26–$0.29 area now acts as a key confirmation zone. If the price holds above it and completes a successful retest, the bullish continuation is likely.

However, traders should stay cautious of false breakouts.

#PNUTUSDT #CryptoBreakout #AltcoinSeason #ChartAnalysis #BullishReversal #TechnicalAnalysis #BreakoutTrading #CryptoSignals #DescendingChannel