$PNUT $PNUT

PNUT/USDT Analysis: A Potential Dip Buy

The PNUT/USDT pair has been on a tear, surging by a staggering +424.88% in the last 24 hours to reach a price of $2.4386. However, the rapid ascent has led to a potential overbought condition, and a short-term pullback could be on the cards.

Key Points:

* Resistance: The immediate resistance level is at $2.5000. Breaking above this level could signal further upside potential.

* Support: The $1.8396 level could act as a strong support level in case of a pullback. A break below this level could indicate further downside.

* Entry Strategy: For those looking to capitalize on a potential dip, consider buying near the $1.8396 support level with a stop-loss placed below the recent low.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research.

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