$PNUT /USDT Analysis and Target Update

$PNUT Current Price: $1.2708 (+10.78%)

Timeframe: 1-hour chart (Binance)

Technical Overview:

PNUT has shown bullish momentum, breaking out from recent consolidation. The price is supported by strong trading volume of 443.94M PNUT in the last 24 hours, signaling significant market interest.

Key Levels:

Support: $1.2500 – This level could act as a safety zone if price retraces.

Resistance: $1.3000 – A critical level to watch for potential breakout.

Targets:

Short-Term Target: $1.3500 – Expect upward momentum if the $1.3000 level breaks with volume.

Extended Target: $1.4000 – Strong resistance near the 24-hour high.

Strategy:

Bullish Case: Watch for sustained trading above $1.3000 to confirm a breakout.

Bearish Case: If price falls below $1.2500, a retest of $1.2000 is possible.

PNUT remains a high-risk, high-reward trade in the meme token space. Monitor price action closely.

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