🚀 Peanut Coin ($PNUT ) Approaching Key Levels – Will We See a Bounce? 🌰

Peanut Coin ($PNUT /USDT) is currently trading at $1.72, showing a minor decline of -2.47% over the last 24 hours. With volatility picking up, here are three critical price targets to monitor as $PNUT tests essential levels for a potential bounce or further dip.

🎯 Key Levels to Watch for PNUT:

1. Immediate Resistance – $1.96: PNUT faces its first resistance at this level. A break above $1.96 could reignite bullish sentiment, potentially leading to a short-term upward move.

2. Next Target – $2.20: Should PNUT sustain momentum and overcome the initial resistance, $2.20 is the next key level. A successful breakout here would likely encourage additional buying pressure, pushing the price higher.

3. Support Level – $1.53: On the downside, $1.53 serves as the immediate support. A failure to hold above this point may lead to increased selling, with the risk of deeper corrections.

🔍 Moving Averages Insight:

MA(7): 1.7589 – Short-term moving average, indicating near-term resistance.

MA(25): 1.7721 – Aligns closely with the current price, suggesting a consolidation phase.

MA(99): 1.2853 – Long-term support that could act as a stronger safety net if the price declines further.

As PNUT navigates these crucial levels, traders should stay vigilant. A breakout above resistance could set the stage for a recovery, while a dip below support may trigger caution.

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