PNUTUSDT — That the Bottom? Liquidity Grab at Key Support Zone?📊 Overview
The PNUT/USDT (2D) chart is entering a critical phase after a long downtrend followed by a retest of a strong demand zone (yellow box). Current price stands at 0.1503 USDT, after forming an extreme wick down to 0.0660, then pulling back strongly — a clear sign of aggressive buyer reaction (liquidity sweep) from the same demand area seen in March–May earlier this year.
This structure often represents a major market turning point: it could either be a temporary bounce or the early stage of a medium-term reversal, depending on how price reacts within this zone.
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📐 Structure and Key Pattern
1. Formed Pattern:
A potential Double Bottom is developing around 0.11–0.15.
The long lower wick indicates strong absorption of selling pressure.
Price remains in a horizontal accumulation phase after a sharp decline since late 2024.
2. Main Zone (Yellow Box):
Area between 0.11–0.17 serves as macro support and historical demand base.
It has been tested multiple times without a major breakdown candle.
This means buyers are still defending this level aggressively.
3. Key Signal:
Volume spiked during the liquidity sweep, followed by a strong close above support — a sign of a false breakdown or liquidity grab.
Such setups often become the early stage of an impulsive bullish move if confirmed by structure and volume.
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🚀 Bullish Scenario (Potential Reversal)
Main condition: price must stay inside or above the yellow box and form a higher low on the 2D structure.
A 2D close above 0.1945 would confirm early reversal signs.
Momentum will strengthen if price breaks above 0.2629–0.3233, opening the path toward 0.4045–0.5000.
A breakout beyond these levels would mark the start of a new expansion phase after prolonged accumulation.
🎯 Bullish Targets:
1. 0.1945 → 0.2629 (minor breakout)
2. 0.3233 → 0.4045 (mid-term rally zone)
3. 0.5000+ (macro reversal confirmation)
Note: Strongest confirmation occurs when a 2D candle closes with full body and high volume above the first resistance.
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⚠️ Bearish Scenario (Extended Breakdown)
If price fails to hold the yellow box, the bearish case remains valid.
A 2D close below 0.110 signals a loss of structural demand.
Downside targets lie at the 0.0660 wick low, with further risk toward 0.05 psychological zone if selling continues.
This would extend the downtrend and potentially lead to a final capitulation phase.
🎯 Bearish Targets:
1. 0.110 (breakdown confirmation)
2. 0.066 (wick low retest)
3. <0.05 (macro capitulation zone)
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🧭 Conclusion
Currently, PNUT sits at a historical turning point.
Selling pressure appears exhausted, as shown by the deep wick and rapid buyer reaction.
However, without a confirmed breakout above 0.1945, a reversal cannot yet be declared.
The yellow zone remains the line between survival and collapse for the macro structure.
In other words:
> If PNUT holds the yellow zone, the market could witness one of the sharpest mid-cap altcoin rebounds.
But if this support fails, the next drop could be brutal — and fast.
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🔖 Key Technical Levels
Current Price: 0.1503
Demand Zone (Strong Support): 0.11 – 0.17
Resistance 1: 0.1945
Resistance 2: 0.2629
Resistance 3: 0.3233
Resistance 4: 0.4045
Extreme Low: 0.0660
Historical High: 2.5000
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