๐$PNUT / USDT Bull Run - Time to Ride The Wave!โ
The current price of Peanut ( $PNUT ) is $0.7520, with a recent drop of -2.82% on the 4-hour chart. Letโs dive into the chart dynamics:
Recent Performance:
Bullish Recovery: PNUT rallied strongly from the $0.66 region, touching a high near $0.78 before facing resistance.Pullback in Progress: The retracement to $0.7520 suggests a consolidation phase after the rally.
Key Observations:
Resistance Level: Sellers are dominant near $0.78, making it a critical level to break for further upward momentum.Support Zone: Strong buying pressure exists around $0.74, providing a cushion for the price.
Technical Outlook:
A breakout above $0.78 could push PNUT toward $0.80 or higher in the short term.Failure to hold $0.74 might see a retest of lower levels around $0.72 or $0.70.
Key Levels to Monitor:
Resistance: $0.78Support: $0.74Breakout Potential: Above $0.78
๐ Trading Strategy Suggestion: Traders could look for a breakout above $0.78 for long positions or wait for a retest of $0.74 for a safer entry.
๐ฌ Whatโs your perspective on PNUT? Will it break resistance, or is a deeper correction on the horizon? Let us know!
