๐จ$PNUT PNUT/USDT Market Update โ Sharp Decline ๐จ
๐ Current Price: $0.6218 (-20.24%)
๐ 24h High: $0.7969
๐ 24h Low: $0.5868
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๐ Key Market Highlights:
PNUT/USDT is experiencing heavy selling pressure, with the price dropping over 20% in the last 24 hours. After reaching a low of $0.5868, the token is showing slight signs of stabilization near $0.6218, but uncertainty remains high.
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๐ Key Levels to Watch:
Resistance: $0.6823 โ A breakout above this level could signal the beginning of a recovery.
Support: $0.5868 โ Holding this level is critical to avoid further declines toward $0.55.
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๐ก Trading Insights:
Short-Term Traders: Monitor price action around $0.5868 for potential bounce opportunities. Be cautious of high volatility and use stop-losses.
Long-Term Investors: Assess the fundamentals and overall market sentiment before considering any positions during this correction.
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โก Market Outlook:
PNUT/USDT remains under bearish pressure, but the recent low could serve as a strong support level. Volume spikes and price movement above $0.6823 may indicate a short-term reversal. Stay alert for key breakout or breakdown signals.
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