$PNUT

🚀 PNUT/USD Analysis: Eyeing a Recovery After Consolidation

Peanut (PNUT) is trading at $0.6822, showing a phase of consolidation as it seeks to regain bullish momentum. The market appears cautiously optimistic, with potential for an upside move if resistance levels are broken.

📉 Support Level: Strong support is at $0.6500, where buyers have shown consistent interest in defending against further declines.

📈 Resistance Zone: Immediate resistance is at $0.7000, and a breakout above this level could push PNUT toward the next target at $0.7500.

💡 Trading Strategy:

For Bulls: Consider entering near $0.6800, with a stop-loss at $0.6400. Aim for target levels of $0.7000 and $0.7500 for potential short-term gains.

For Breakout Traders: Wait for a confirmed breakout above $0.7000 on high volume before entering, signaling renewed bullish momentum.

🔥 Market Sentiment: PNUT is stabilizing and showing signs of recovery. Watch for market catalysts or developments that could boost sentiment further. Manage risk carefully to navigate any volatility as the token approaches critical price levels.

#SolvProtocolMegadrop #BinanceAlphaAlert #BTCBelow92K #MicroStrategyStockSale #Write2Earn