🚨 PNUT/USDT 4-Hour Chart Analysis: Key Levels and Market Sentiment! 🚨

The latest 4-hour chart for PNUT/USDT shows potential volatility in price action, with key support and resistance levels. Here’s a breakdown of what traders should watch:

Immediate Resistance at $2.25 (VAH): Recent candles have struggled to break above this level, indicating strong selling pressure near this point.

Current Price around $1.67: PNUT is trading below the recent value area high (VAH), suggesting bearish momentum if price remains under this level.

Key Support at $1.43 (VAL): A drop below this level could signal a shift in market sentiment, likely triggering further downside pressure.

TWAP Support around $1.13: This could act as a strong support zone if the price tests this lower level, attracting potential buyers and providing a floor for the current downtrend.

📉 Bearish Outlook: If the price fails to reclaim and hold above $1.79, we may see a retest of the $1.43 support, with potential for further downside toward the TWAP level.

📈 Bullish Scenario: A breakout above $2.25 with strong volume could indicate renewed bullish momentum, opening the door for higher highs.

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