$PNUT

/USDT Technical Analysis 🎯

The current market sentiment for PNUT/USDT indicates a bearish trend, with price retracements observed recently. Let’s dive deeper into the technicals and explore potential targets for the upcoming days.

Key Levels to Watch:

Current Price: 1.3015 USDT (down 8.07% from the high)

Target 1: 1.2154 USDT (Support Zone)

PNUT has tested its recent low at 1.2154 USDT, which could serve as a strong support level. A rebound from here could present an opportunity for a short-term buy. However, a breakdown below this level could indicate further weakness.

Target 2: 1.3000 USDT (Consolidation Zone)

The price has consolidated near 1.3000, which could act as a key resistance level. If the price pushes above this, we might see a retest of higher levels. Watch for potential breakouts and volume increases.

Target 3: 1.5399 USDT (Resistance Zone)

If the bullish momentum returns, the next significant resistance could be at 1.5399. Reaching this level would likely depend on the broader market conditions and buyer interest in the DeFi space. Keep an eye on this area for potential reversals or breakout opportunities.

Conclusion: The market is currently in a corrective phase, but these three targets could be pivotal in determining the next move for PNUT/USDT. Monitor the key levels and stay updated on market conditions for more precise entry and exit points.

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