🚀 PNUT/USDT Market Breakdown: Navigating the Waves! 🚀

The PNUT/USDT pair is currently trading at $1.7369, experiencing a sharp -19.49% drop in the last 24 hours. With a 24-hour high of $2.3074 and a low of $1.5777, the market is buzzing with volatility and opportunities! 📈

Support & Resistance Levels:

💪 Key Support Zone: $1.42–$1.57 – Buyers are defending this range, making it a potential bounce-back point.

🛡️ Resistance Zone: $1.90–$2.00 – This level could pose challenges for upward momentum, so keep an eye here.

Moving Averages Say Bearish! The MA(7) is below the MA(25), signaling short-term selling pressure. However, this could also create ideal entry points for sharp reversals.

Entry Strategy: For traders eyeing opportunities, watch the $1.42 support level for potential long positions if the price consolidates. Ensure tight stop-losses to manage risks, and look to exit near $1.90 resistance for quick profits.

🔍 Pro Tip: Monitor volume spikes! The 24-hour volume of 1.91B USDT shows heightened activity—momentum traders could capitalize on quick moves.

Stay sharp, trade smart, and ride the waves! 🌊 Where do you see PNUT heading next? 💬 Share your thoughts below!

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