PNUT/USDT point analysis and operation suggestions

Market overview

PNUT/USDT is currently quoted at $0.8303, with a daily decline of -17.13%. The bearish trend is obvious and the price is close to the lowest point of the day.

• 24-hour highest price: $1.0538

• 24-hour lowest price: $0.8145

• 24-hour trading volume: 232 million PNUT

The current price trend is obviously in a downward channel, and the market sentiment is bearish. There may be a rebound in the short term but it is subject to upper pressure.

Technical analysis

1. Moving average

• MA(7): $0.9548 (short-term pressure level)

• MA(25): $1.0579 (medium-term pressure level)

• MA(99): $1.2215 (long-term trend line pressure level)

The current price is far below the 7-day and 99-day moving averages, indicating that the downward trend is relatively strong.

2. MACD

• DIF: -0.0664

• DEA: -0.0488

• Bar chart: -0.0176

The short-term momentum of the MACD indicator has increased significantly, and the downward momentum is dominant in the short term.

3. Trading volume

The trading volume is significantly enlarged when it falls, indicating that the market selling pressure is strong. At present, the low level needs to pay attention to the signs of shrinking trading volume.

4. Key points

• Support level:

• First support: $0.8145 (intraday low)

• Second support: $0.7850 (lower psychological barrier)

• Pressure level:

• First pressure: $0.9500 (short-term pressure, 7-day moving average)

• Second pressure: $1.0000 (integer psychological barrier)

Short-term strategy

Short strategy

If the price rebounds to the pressure level and fails to break through, you can consider shorting with a light position:

• Entry point: $0.9400-$0.9500

• Take profit point: $0.8500 / $0.8100

• Stop loss point: $0.9800

Long strategy

If the price falls back to the support level and stabilizes, you can try to gain a short-term rebound:

• Entry point: $0.8150-$0.8300

• Take profit point: $0.8800 / $0.9500

• Stop loss point: $0.7850

Trend prediction

• Short-term trend: After a sharp decline, the market may enter the oversold area, and the probability of a short-term rebound is high.

• Medium-term trend: If the price fails to effectively stand at $1.0000, the overall trend is still bearish.

Operation suggestion: It is recommended to pay attention to the performance of the $0.8145 support level, and control the position during the rebound process to prevent the risks brought by a deep callback.