📊 $PNUT
/USDT Technical Analysis: Targets Ahead 🎯
PNUT is showing a volatile trend, providing potential opportunities for traders. Here’s a breakdown of the technicals:
Current Price: $1.1655 (-7.65%)
Support Level: $1.10 (Key psychological level for buyers to step in).
Resistance Levels: $1.28 (near-term resistance) and $1.35 (major breakout level).
Short-Term Targets:
1️⃣ Target 1: $1.20
This level aligns with a minor retracement and acts as the first take-profit zone for scalpers.
2️⃣ Target 2: $1.28
A break above this resistance could signal stronger bullish momentum. Look for increased volume to confirm the move.
3️⃣ Target 3: $1.35
A significant resistance level. If PNUT crosses this point, it could lead to a trend reversal.
Indicators to Watch:
RSI: Currently oversold, suggesting a potential bounce.
Volume: Increasing activity hints at a decisive move ahead.
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