PNUT/USDT Daily Point Analysis and Direction Prediction

Support Levels:

1. $0.6590: Short-term support, if broken or retested to the $0.6200 area.

2. $0.5850: Medium-term key support, strong support area, losing it may accelerate the decline.

Resistance Levels:

1. $0.7210: Short-term resistance, if broken, may aim for $0.7800.

2. $0.8990: Important upward pressure level, significant volume needed for a breakout.

Bullish/Bearish Direction:

Currently, PNUT is consolidating at a low level, with MACD starting to flatten out, a rebound is expected in the short term, but MA25 moving average pressure is evident, the trend is weak.

Trading Suggestions:

• Long Position Strategy: Lightly position near $0.6590, target $0.7210, stop loss $0.6400.

• Short Position Strategy: Follow up with a short position after breaking $0.6590, target $0.6200, stop loss $0.6800.

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