$PNUT

/USDT Technical Analysis 🔍

The price of PNUT is currently at $1.1559, and we’re seeing some interesting movements in the market. Let’s break down the key levels to watch:

Target 1 🎯 – $1.12 (Support Zone)

With the 24-hour low at $1.1127, $1.12 is a crucial support level. If the price approaches this point, it could be an opportunity for buyers to step in, expecting a bounce back. This is a key level to keep an eye on for potential price stabilization.

Target 2 🎯 – $1.38 (Resistance Zone)

The 24-hour high is $1.4169, but the next resistance lies around $1.38. If PNUT can break past this zone, it could trigger further bullish momentum. Watch for confirmation before entering long positions.

Target 3 🎯 – $1.50 (Psychological Resistance)

The $1.50 mark is a psychological level that could attract both profit-taking and fresh buying interest. A push past this level would indicate a strong bullish trend, with potential for further gains.

Price Action Insights

Current Price: $1.1559 (-7.28% in the last 24 hours)

24h Volume (PNUT): 430.80M

Depth: There is a strong buy-side depth at 26.78%, which shows demand at current levels.

Conclusion

Watch the support at $1.12, resistance at $1.38, and the psychological barrier at $1.50 for the next big moves in PNUT. Keep an eye on the volume and market depth for further confirmation of trend direction.

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