🚨 $PNUT PNUT/USDT PLUMMETS: -10.71% Dip – Testing Key Support at $1.11! 🚨
Peanut Token (PNUT) has faced heavy selling pressure, dropping to $1.11 after peaking at $2.50 earlier. The token is now consolidating near critical support as traders assess the potential for recovery or further decline.
💡 Key Levels to Watch:
Resistance: $1.74 – A breakout above this level could trigger a recovery toward $2.00 or even $2.50.
Support: $0.86 – If PNUT loses its current level, a drop to this critical support zone could be next.
📉 Bearish Scenario: Failure to hold above $1.11 may lead to further selling, with the next key level at $0.86.
🚀 Bullish Scenario: If PNUT regains momentum and breaks $1.74, it could initiate a strong recovery targeting $2.00 and beyond.
💡 Trading Insight: Monitor volume for signs of a reversal. Tighten stop-losses and trade cautiously in this volatile environment!
