Here's a concise technical analysis for the $PNUT
/USDT pair with trade signals and target levels:
Technical Analysis Summary:
Current Price: 1.1458
24h Price Range: 1.1301 - 1.2433
24h Change: -4.17%
Key Indicators:
SAR (Stop and Reverse): 1.1406 — indicating a potential support level.
MANCE: 1.1659 — showing a minor resistance level.
Moving Averages:
MA(5): 1.23M
MA(10): 984.88K — showing possible bullish trend with slight short-term correction.
Trade Signals:
1. Buy Signal: If the price moves above 1.1659, expect potential upside momentum toward the higher range of 1.2433.
2. Sell Signal: If the price falls below 1.1406 (SAR level), it could indicate a bearish trend, targeting the 1.1301 support level.
3. Neutral Signal: Consolidation between 1.1406 and 1.1659 — wait for a breakout either way.
Target Levels 🎯:
1. Target 1 (Bullish): 1.2433 (previous 24h high)
2. Target 2 (Moderate): 1.1659 (MANCE resistance)
3. Target 3 (Bearish): 1.1301 (24h low)
Momentum:
Momentum is currently slightly bearish due to the recent 4.17% drop, but there’s potential for recovery if the price breaks above 1.1659.
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