$PNUT
/USDT Market Analysis
Current Price: $1.8728 (+9.76%)
24h High: $2.5000
24h Low: $1.4298
24h Volume: 1.42B PNUT / 2.65B USDT
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Technical Indicators
Moving Averages
MA (7): $1.9552
MA (25): $1.8757
Resistance and Support Levels
Immediate Resistance: $2.5000
Key Support Levels: $1.4298 and $1.0748
Trading Volume
Recent Volume: 11,075,417.1 PNUT
Moving Average Volumes: MA (5) - 44.16M; MA (10) - 39.41M
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Analysis & Potential Targets
1. Bullish Momentum: PNUT is up by 9.76%, showing a short-term increase in buying interest. If this momentum continues, $2.50 could act as a critical resistance target.
2. Support Levels: If prices retrace, the support zone around $1.43 to $1.07 may act as a cushion and attract buyers.
3. Volume Indicators: Increasing trading volume supports current bullish momentum, but a decline in volume near resistance could indicate weakening momentum.
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Summary
$PNUT /USDT shows a positive trend with potential resistance at $2.50. Watch for sustained volume and price action near this level for a breakout. If bullish momentum slows, support around $1.43 could stabilize the price.
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