📉 $PNUT PNUT/USDT – Major Decline Alert!

📊 Current Price: $0.6142 (-24.82%)

🔝 24H High: $0.8268

🔻 24H Low: $0.6109

💰 Volume:

PNUT: 379.38M

USDT: 271.42M

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Market Analysis

PNUT/USDT has witnessed a dramatic sell-off, dropping nearly 25% in the past 24 hours. The pair is now testing its 24H low near $0.6109, signaling increased selling pressure.

Resistance Zones:

$0.7000 – A key short-term level to regain bullish momentum.

$0.7500 – Secondary resistance to watch for signs of recovery.

Support Zones:

$0.6100 – Immediate support; a breakdown may lead to further declines.

$0.5800 – Strong historical support to monitor.

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Trading Recommendations

1. For Buyers:

Consider entries near $0.6100 if the price stabilizes, targeting a recovery to $0.7000.

Wait for bullish reversal signs before initiating trades.

2. For Sellers:

Watch for failed recovery attempts near $0.7000 to short.

Use tight stop-losses to minimize risk.

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Key Insights

Bearish Momentum: PNUT remains under significant selling pressure, reflected in its steep decline.

Oversold Conditions: Potential reversal near key support zones could present buying opportunities.

Risk Management: Due to high volatility, ensure tight stop-loss placements to protect your trades.

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Conclusion

PNUT/USDT is at a critical juncture, and the next moves will depend on whether it can hold the $0.6100 support zone. Monitor closely for signs of recovery or further decline to adjust your strategy.

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