$PNUT /USDT Analysis: Is the Dip a Buy Opportunity?🚀

$PNUT Token (PNUT) is currently trading at $0.8312, marking a sharp decline of -19.67% in the past 24 hours. This significant drop might present opportunities for risk-tolerant traders.

📊 Key Levels to Watch

Resistance: $1.00 – A critical psychological barrier to regain bullish momentum.

Support: $0.78 – Holding above this level is crucial to prevent further downside.

💡 Insights & Trends

Volume: $240.77M in 24h USDT volume, signaling active trading despite the dip.

Short-Term Trend: Bearish; watch for reversal signals around support levels.

Long-Term Performance: The token has struggled over the past 90 days, with -48.21% losses, indicating a downtrend.

📅 Performance Overview

Today: -17.80%

7 Days: -35.70%

30 Days: -48.21%

1 Year: N/A

⚡ Trading Strategy

Buy Zone: $0.78-$0.80 – Consider scaling in cautiously for a potential rebound.

Target 1: $0.90

Target 2: $1.00

Stop-Loss: $0.75 – Limit risk on further downside.

⚠️ Risk Note

$PNUT remains highly volatile, making it suitable for short-term trades rather than long-term holds unless more stable patterns emerge.