$PNUT Next target analysis:

For the next target on PNUT/USDT, here’s a simple analysis based on the chart:

1. Support Level: The immediate support level is around 1.5777. If the price breaks below this level with strong selling pressure, the next target could be lower, possibly around 1.50 or further down, depending on market sentiment.

2. Resistance Level: If the price bounces from the current level, the first target on the upside would be the recent high around 2.00. This would be a key resistance level, and breaking above it could open the path towards 2.3775.

3. EMA: Since the price is below the 7-period EMA (1.7300), crossing above this line could suggest a short-term upward move. This would align with the resistance targets.

Summary

Bearish Scenario: If it breaks 1.5777, look for the next target around 1.50.

Bullish Scenario: If it rebounds, the first target is around 2.00, then potentially 2.3775 if momentum continues.

Monitor volume and indicators for stronger signals on either side.