Crypto Signal Alert: $PNUT /USDT

Overview:

PNUT/USDT has demonstrated significant bullish momentum, surging +30.35% in the past 24 hours. The price is currently at $1.3469, after testing a 24-hour high of $1.4037. The RSI is elevated at 76.41, indicating strong momentum but nearing overbought territory.

Entry Price:

Suggested entry: $1.34–$1.35

Critical Levels:

Resistance: $1.40 (short-term high)

Support: $1.28 (key retracement level)

Take-Profit Targets:

1. $1.38

2. $1.42

3. $1.50

Stop-Loss Level:

$1.28 (below recent support)

Cautionary Note:

Watch for a potential breakout above $1.40 for further upside, but be cautious of a retracement as the RSI indicates overbought conditions. Trade carefully with stop-loss protection.

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