$PNUT $PNUT

🚀 PNUT/USDT Chart Analysis: Is a Breakout Coming? 🚀

The PNUT/USDT pair is showing intriguing price action today! After peaking at $1.9414, the price retraced sharply, finding a strong support level near $1.5635, where buyers stepped in to halt further decline. Currently, the price is consolidating near $1.6001, a crucial zone where market participants are waiting for the next move.

Key Levels to Watch:

🔑 Resistance: $1.6832 and $1.9414 — these levels must be broken to resume the uptrend.

🔑 Support: $1.5635 — this level has shown strength, and a breakdown could signal further bearish movement.

Entry Strategy:

🎯 For Bulls: Look for a breakout above $1.6832 with high volume as confirmation before entering long positions.

🎯 For Bears: If the price dips below $1.5635, consider short opportunities targeting the next lower support.

With high trading volume and price consolidating, a significant move could be on the horizon! Stay sharp, set your alerts, and trade smart. 🌟

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