PNUT/USDT – Breakout Watch from Symmetrical Triangle

PNUT/USDT – Breakout Watch from Symmetrical Triangle
Chart pattern: Symmetrical Triangle
Timeframe: 4-Hour
Published: June 20, 2025

PNUT/USDT is nearing the apex of a symmetrical triangle that has been forming over several weeks. The price is tightening between rising support and descending resistance, indicating a breakout is likely approaching soon.

Price is currently testing the upper boundary near 0.24. A breakout from this level with strong volume may trigger a bullish move, while rejection could keep price inside the range a little longer.

Bullish scenario
Entry: 4H close above 0.245 with volume
Target 1: 0.28
Target 2: 0.33
Stop-loss: Below 0.22

Bearish scenario
Entry: Break below 0.215
Target 1: 0.18
Target 2: 0.14
Stop-loss: Above 0.24

Wait for confirmation before acting — momentum will likely follow once the triangle breaks.