The current price of $PNUT /USDT is $0.6700, with an increase of +4.90%.
Market Snapshot:
Trend: The price is trending upward, showing a strong bullish momentum.
Support Level: $0.65, a potential level to watch for any pullbacks.
Resistance Level: $0.70, key to the continuation of the bullish trend.
Trading Insights:
Bullish Scenario: If the price continues to hold above $0.65 and breaks $0.70, it could move higher toward $0.75.
Bearish Scenario: A drop below $0.65 could lead to a pullback toward $0.60.
Recommendation:
Keep an eye on the $0.70 resistance level for potential breakout opportunities.
For short-term trades, consider entering at pullbacks near the support level.