$PNUT /USDT: Gains Momentum with 15.19% Surge

PNUT is trading at $1.2929, marking a 15.19% increase in the last 24 hours. The token remains highly volatile, with strong trading volumes indicating heightened interest.

Key Data Points:

24h High: $1.3479

24h Low: $1.0652

24h Volume (PNUT): 367.40M PNUT

24h Volume (USDT): $440.75M

Trade Strategy:

Long Position: Enter above $1.3000, targeting $1.3500 and $1.4000, with a stop loss at $1.2500.

Short Position: Consider selling below $1.2500, aiming for $1.2000 and $1.1500, with a stop loss at $1.3000.

Market Outlook:

PNUT/USDT has demonstrated strong upward momentum, with the price nearing a key resistance level of $1.3500. A breakout above this level could lead to further gains, while a reversal might push the price toward the support zone at $1.2000. Traders should keep an eye on market sentiment and volume dynamics for optimal entries and exits.

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