🚨 $PNUT /USDT IN A CRITICAL DOWNTURN – WHAT'S NEXT? 🚨
PNUT/USDT has dropped significantly to $1.1189, reflecting a sharp -13.39% decline over the last 24 hours. After peaking at $1.5887, the price faced heavy selling pressure, dragging it close to its 24-hour low of $0.9981. Bulls need to defend key levels to prevent further breakdowns.
Key Levels to Watch:
Immediate Resistance: $1.1851 – Reclaiming this level could signal recovery.
Target 1: $1.33 – A move above this could confirm bullish momentum.
Target 2: $1.40 – Mid-term resistance to aim for.
Target 3: $1.58 – The previous high and a strong bullish target.
On the downside, a break below $1.00 could trigger a drop to new lows, increasing selling pressure.
💡 Trade Setup:
Entry: Look for a rebound above $1.1851 for confirmation of recovery.
Stop-Loss: Below $0.99 to mitigate risk in case of further declines.
⚠️ PNUT is at a make-or-break point—watch closely for reversal signs or further downside pressure!