$PNUT

Market Overview

The current price is $1.2609, with a 24-hour decline of -6.71%. The highest price in the last 24 hours was $1.4037, and the lowest was $1.0357. In terms of trading volume, PNUT's trading volume is 363 million, with a USDT transaction amount of 457 million, indicating an active market.

Technical Analysis and Key Levels

1. Moving Average Trends:

• Short-term moving average (MA7) is $1.2042, with the price having crossed above this moving average, indicating a short-term rebound trend.

• Mid-term moving average (MA25) is $1.2518, with the current price near it, forming a significant support/resistance zone.

• Long-term moving average (MA99) is $1.2366, providing support to the price.

2. Key Support and Resistance:

• Support levels: $1.204 (MA7), $1.036 (24-hour low).

• Resistance levels: $1.388 (recent high), $1.588 (higher previous high).

3. MACD Indicator:

• DIF and DEA have turned upwards below the zero axis, indicating a weakening of bearish momentum, and the market may enter a sideways rebound.

• Increasing red bars indicate enhanced short-term upward momentum.

4. Trading Volume:

• Increased trading volume has appeared during low-level rebound phases, showing significant capital intervention.

Short-term Contract Strategy

Long Position Strategy:

• Entry Point: $1.235~$1.250

• Add Position Point: $1.200

• Stop Loss Point: $1.150

• Take Profit Points:

1. $1.300 (short-term target)

2. $1.388 (strong resistance)

3. $1.500 (aggressive target)

Short Position Strategy:

• Entry Point: $1.388~$1.400

• Add Position Point: $1.500

• Stop Loss Point: $1.550

• Take Profit Points:

1. $1.300 (support level)

2. $1.250 (mid-term support)

3. $1.036 (24-hour low)

In the short term, the PNUT price may fluctuate between $1.200~$1.400. If it can break the $1.388 resistance, it is expected to challenge $1.500; however, if it drops significantly and loses $1.204, it may retreat to $1.036 seeking support.

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