$PNUT Next target analysis:

PNUT/USDT: Next Target Analysis

Based on the current chart and indicators, here is a breakdown of the potential price movement and targets:

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Key Levels:

1. Immediate Support Levels:

$1.81 (EMA 25): If price retraces, this acts as the first support.

$1.62 (24h Low): A stronger support in case of a further pullback.

2. Immediate Resistance Levels:

$2.00 (Psychological Resistance): A round number, often serves as a resistance.

$2.20 (24h High): Key resistance. A break here signals strong bullish momentum.

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Potential Targets:

1. Bullish Scenario (if price breaks $2.20):

Target 1: $2.50 — Resistance around recent highs.

Target 2: $2.61 — Fibonacci extension level.

Target 3: $3.00 — Strong psychological resistance if momentum continues.

2. Bearish Scenario (if price breaks $1.81):

Target 1: $1.62 — Major support level.

Target 2: $1.39 — Near EMA(99) for deeper retracement.

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Indicators Support:

Stochastic RSI in overbought territory could signal a short-term correction before any breakout.

RSI (Neutral) allows room for upside if buying pressure increases.

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Next Steps:

Monitor Volume: A breakout above $2.20 requires strong volume for confirmation.

Set Alerts: For both $2.20 and $1.81 to track key moves.