🚀 $PNUT

/USDT Technical Analysis - Key Targets 🎯 🚀

The PNUT/USDT pair is showing strong momentum, with a recent 14.03% rise in the 24-hour high to $1.2823. Let’s break down the chart and outline 3 key targets to watch for in the upcoming hours.

📊 Target 1: $1.40

PNUT has been maintaining an upward trajectory, and if the price breaks above the current high of $1.2823, we could see a push towards the $1.40 level. This zone represents a solid resistance, where traders might take profits, but a breakout could open up further gains.

📊 Target 2: $1.25

In the short term, a retracement to $1.25 would be a potential support level to watch. If the price consolidates here, we could see another push upwards, especially if market sentiment remains positive. Buyers may step in at this level, setting up for a bounce.

📊 Target 3: $1.10

On the downside, the key support area to monitor is around $1.10. A deeper correction towards this level could be an opportunity to enter if you’re looking for a longer-term position. This price point aligns with previous lower support levels and could attract fresh buying interest.

🔑 Conclusion:

The market is currently in a bullish phase, but always remember to manage risk appropriately. Keep an eye on these target levels and adjust your strategy accordingly. 🚀

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