$PNUT /USDT Technical Analysis – Is the Dip an Opportunity?
📉 Current Price: $0.6885 (-16.09%)
🚀 PNUT has seen significant volatility recently, dropping from a 24h high of $0.8287 to a low of $0.6377. Here's what the charts suggest:
Key Levels to Watch
1️⃣ Immediate Resistance (Target 1): $0.7400
This level aligns with the recent breakout attempt. A reclaim here may trigger short-term bullish momentum.
2️⃣ Mid-Level Target (Target 2): $0.8000
This is the 24h high zone and a critical resistance area. Breaking this level could pave the way for stronger upward movement.
3️⃣ High-Level Target (Target 3): $0.8800
If the momentum continues, this psychological level may act as a major target for bulls, aligning with previous price action.
Indicators to Monitor
🔹 RSI: Oversold levels hint at a possible rebound.
🔹 Volume: A spike in 24h volume (USDT 254.12M) suggests high interest.
Conclusion
With the current dip, PNUT offers a potential opportunity for short-term traders. However, watch for confirmed breakouts above $0.7400 to ensure trend reversal. Always practice risk management in these volatile markets.