🚨 $PNUT

/USDT Technical Analysis – Key Levels & Targets 🚨

📉 Price Alert: PNUT has been on a downward trend recently, currently sitting at $1.3411, down 17.04% in the last 24 hours. With the price reaching a 24h low of $1.2593 and the 24h high of $1.6350, there's potential for further movement. Here’s a breakdown of the key levels to watch:

🔻 Target 1: $1.25

The price has been testing the support zone around $1.2593. If this level breaks, the next support could be near $1.25. A bounce here could signal a potential reversal, but if it breaks, further downside is expected.

🔻 Target 2: $1.18

Watch for $1.18 if the bearish trend continues. This is a key psychological level where buying pressure might emerge, but a solid break could lead to deeper retracements.

🔻 Target 3: $1.10

If the selling persists and market sentiment stays weak, the $1.10 zone will be a critical level to watch for potential reversal or further decline.

📊 Market Depth: At 9.1539%, we’re seeing an imbalance that may lead to significant price swings. The 24h volume has been substantial, with 370.13M PNUT traded, so keep an eye on volume for confirmation of any moves.

🚨 Strategy:

Consider monitoring price action around these levels for potential entry points.

Keep your stop-loss tight and always trade with caution, as volatility remains high.

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