$PNUT /USDT Technical Analysis: Whatโs Next? ๐ฅ
The price of PNUT/USDT is currently at $0.7002, reflecting a dynamic and active market. Hereโs a breakdown of the technical outlook:
Support & Resistance Levels:
Support: Key support is at $0.6500, a level where buyers have previously stepped in. If the price dips, this zone could serve as a potential rebound point.
Resistance: Immediate resistance is at $0.7200. A breakout above this level could trigger a rally toward $0.7500 or higher.
Market Outlook:
Bullish Scenario: Continued buying pressure could push PNUT beyond resistance, sustaining an upward trend.
Bearish Scenario: If $0.6500 fails to hold, the price may decline further, testing lower support levels.
Trading Strategy:
Short-Term Traders: Look to buy on pullbacks near $0.6500, targeting $0.7200.
Long-Term Investors: Monitor the $0.7000 level for signs of a breakout before committing to larger positions.
โก PNUT shows strong potentialโkeep an eye on these critical levels and be prepared to act! Always prioritize proper risk management in volatile markets. ๐น