🔻$PNUT / USDT Market Update on Binance 🔻

$PNUT has faced downward pressure recently, trading at $0.7060, with a -3.34% drop over the past 24 hours. Let’s break down the current performance:

📊 Key Stats:

24h High: $0.777624h Low: $0.6995Trading Volume (PNUT): 141.54MTrading Volume (USDT): 104.96M

📈 Chart Analysis:

The price has trended downward, with the latest candlesticks showing a consolidation phase around $0.70.Moving Averages (MA):MA(7): $0.7091 – reflects short-term bearish momentum.MA(25): $0.7221 – indicates mid-term resistance.MA(99): $0.7441 – a longer-term resistance level.PNUT reached a 24h low of $0.6995, suggesting $0.70 might act as a psychological support level.

💡 Market Outlook:
The current trend shows signs of selling pressure. However, traders should monitor if PNUT establishes strong support near $0.70 or rebounds toward the resistance levels ($0.72 and $0.75).

🚀 Pro Tip: For those looking to enter, keep an eye on price action near the $0.69-$0.70 support zone. For existing holders, watch for a breakout above the MA(25) at $0.7221 for a potential trend reversal.

What’s your take on PNUT’s performance? Are you trading or holding? Let us know below! ⬇️