🚀 $PNUT /USDT Technical Analysis 🚀
Current Price: $0.7735 (+23.70% in 24h)
Timeframe: 30m Chart on Binance
$PNUT has gained significant upward momentum, reaching its 24h high of $0.7889. The token is showing a strong breakout with sustained bullish trends.
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Key Levels and Targets
1️⃣ Immediate Resistance: $0.8000
A psychological resistance level, a breakout here could trigger further buying interest.
2️⃣ Next Target Zone: $0.8500
Aligns with Fibonacci extension and historical price zones for a mid-term bullish target.
3️⃣ Long-term Target: $1.0000
A significant milestone that could establish PNUT in the higher market zones if bullish momentum continues.
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Trading Strategy
Short-term traders: Monitor for profit-taking opportunities near $0.8000 and $0.8500.
Long-term investors: A sustained hold above $0.8000 could pave the way toward $1.0000.
📌 Support Levels:
Immediate support at $0.7400, with a stronger base at $0.7000.
Recommendation
Adjust your stop-loss levels to secure gains and minimize risk during potential pullbacks. Keep an eye on trading volumes for breakout confirmation.
