$PNUT PNUT/USDT – Downtrend Persists
Current Price: $0.549 (-14.96%)
24h High: $0.6459 | 24h Low: $0.5210
24h Volume: PNUT: 175.78M | USDT: 103.35M
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Technical Overview:
Exponential Moving Averages (EMAs):
EMA(7): $0.5613
EMA(25): $0.5991
EMA(99): $0.6711
Price remains significantly below all key EMAs, confirming bearish dominance.
Support Levels:
$0.5210 (Immediate Support)
$0.5000 (Psychological and Key Support Level)
Resistance Levels:
$0.5613 (EMA Resistance Zone)
$0.6000 (Major Resistance)
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Trade Setups:
🔴 Bearish Continuation:
Entry Zone: Below $0.540
Target 1: $0.5210
Target 2: $0.5000
Stop-loss: Above $0.561
🔵 Bullish Reversal (High Risk):
Entry Zone: $0.550–$0.570
Target 1: $0.6000
Target 2: $0.6500
Stop-loss: Below $0.521
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Observations:
The downtrend shows no signs of reversal yet, as price action struggles to breach the EMA(7).
Increased sell pressure could push the price to test the $0.5000 support.
Bulls need strong volume to reclaim $0.6000 for a potential rebound.
Caution is advised; monitor volume and key levels for clarity.
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