PNUT plunged 13.59% to $0.6102, is it a bargain hunting opportunity or further bottoming out?
PNUT/USDT plunged 13.59% today, now at $0.6102, with a daily low of $0.6000, a turnover of 120 million USDT, and market panic spread. From a technical point of view, RSI fell to the oversold area (30.32), and the short-term momentum was obvious, but there may be a short-term rebound from oversold.
Key point analysis:
• Support level: $0.6000
• Pressure level: $0.7444
• Short-term observation point: If $0.6000 is lost, it may further drop to $0.5350.
Operation suggestion:
• Short-term attempt: You can buy lightly in the $0.6000-0.6100 range, with a target of $0.7000 and a stop loss of $0.5800.
• Conservative strategy: Wait for a breakout of $0.6500 and confirm the rebound trend before entering the market.
Can PNUT stabilize and rebound in the oversold area? What is your opinion? Welcome to discuss in the comment area!