$PNUT PNUT (PNUT) Analysis - November 23, 2024

Today, PNUT displays mixed sentiment, with slight bearish tendencies due to increased market volatility. While the token initially saw positive momentum, resistance around 1.1607 suggests a potential pullback. Sellers are capitalizing on the weak buying volume, pressuring the price toward lower support levels.

If PNUT can hold its support near 1.1500, a rebound toward 1.1650 could occur, provided broader market sentiment stabilizes. However, breaching the 1.1500 support might trigger a deeper decline.

Buy Zone: 1.1500 - 1.1550

Target Price: 1.1650

Stop-Loss: Below 1.1450

Investors should monitor volume patterns closely. A breakout above 1.1607 could revive bullish sentiment, but caution is advised until more clarity emerges in market trends. Keep risk management strategies in place to navigate today’s uncertain conditions effectively.$PNUT