Technical Analysis for $PNUT

/USDT

Current Price: $0.7311

Momentum: Bullish (+20.44%)

Key Indicators

1. Moving Averages (Short-Term):

MA (5): 2,203,834.0 (Supports upward trend)

MA (10): 2,867,125.2 (Indicates strong volume interest)

2. Resistance Levels:

R1: $0.7889 (24h High)

R2: $0.8200 (Breakout Target)

3. Support Levels:

S1: $0.7111

S2: $0.5989 (24h Low)

Trade Signals

Entry Zone: $0.7200–$0.7350

Momentum: Positive, driven by high 24h volume (389.32M PNUT).

Targets 🎯

1. Target 1: $0.7889 (Short-Term)

2. Target 2: $0.8200 (Mid-Term)

3. Target 3: $0.8800 (Extended Upside)

Stop-Loss

Suggested below $0.7100 (to protect against downside risk).

Note: Trade with caution and monitor depth levels closely. High volatility in the short term is expected.

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