$PNUT (UPDATE ALERT) it Will decline to 1.4$:

Probability of PNUT/USDT Declining to $1.40:

Here’s a detailed breakdown of the possibility of a drop to $1.40 based on the current market structure:

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Key Support Levels:

1. EMA(25): Around $1.81 — First level of support.

2. 24h Low: $1.62 — Strong support for potential pullbacks.

3. EMA(99): $1.39-$1.40 — This aligns with the long-term trend support.

Bearish Scenario Requirements:

For the price to decline to $1.40, the following conditions would need to occur:

Failure to Hold $1.81 and $1.62:

If these key support levels are broken with strong bearish momentum.

Volume Decrease or Strong Selling Pressure:

A drop in buying interest or sudden increase in sell volume could push the price lower.

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Current Indicators:

Stochastic RSI: In overbought territory, suggesting short-term correction might happen.

RSI: Neutral, not signaling oversold levels yet.

Price Action: Still in a consolidation phase, not showing strong bearish momentum.

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Conclusion:

A decline to $1.40 is possible if:

The price breaks below $1.62 with increased sell volume.

Broader market conditions turn bearish.

However, based on current momentum and support levels, $1.40 seems unlikely unless there is a significant trend reversal. Monitor the $1.62 level closely for bearish confirmation.