Current Price: $1.1628 (-14.63%)
Exchange: Binance
Technical Overview:
24h High/Low: $1.3876 / $1.1541
24h Volume: 372.27M PNUT (~$473.69M USDT)
Support Levels: $1.1541 / $1.1382 (BOLL Lower Band)
Resistance Levels: $1.2137 (BOLL Middle Band) / $1.2893
Indicators:
Bollinger Bands:
Upper Band: $1.2893 – A potential resistance if momentum strengthens.
Middle Band: $1.2137 – Immediate resistance for any recovery attempt.
Lower Band: $1.1382 – Key support zone; breaking below could lead to more downside.
RSI: Near oversold levels, suggesting a possible short-term rebound.
MACD: Negative, highlighting continued bearish sentiment.
🎯 Targets:
1. Target 1: $1.2000 – Short-term recovery target, representing a psychological resistance zone.
2. Target 2: $1.2500 – Mid-term target; breaking this suggests bullish momentum is returning.
3. Target 3: $1.3000 – Long-term target, indicating a possible trend reversal and renewed confidence.
Community Insight:
PNUT, a popular meme token, has seen increased trading activity and significant price volatility. The current dip might attract buyers looking for a potential rebound, but caution is advised due to its speculative nature.
Trading Strategy:
Bullish Scenario: Enter positions above $1.1600, targeting $1.2000 and $1.2500.
Bearish Scenario: Watch for a break below $1.1380, which could trigger further declines toward $1.1000.
Risk Management:
With meme tokens, volatility is expected. Use strict stop-losses and limit exposure.
#BinanceSquareFamily #BinanceEarnProgram #PNUTUSDY #cryptoanalysis #DOGSONBINANCE
