$PNUT

PNUT/USD Market Update: Priced at $0.6344

PNUT is currently trading at $0.6344, consolidating near key support levels, with a clear potential for both upside and downside movements in the near term.

Resistance: The immediate resistance for PNUT lies at $0.65, a significant psychological level. A successful breakout above this zone could propel the price towards $0.70, signaling the continuation of a bullish trend.

Support: On the downside, $0.62 acts as a critical support level. If the price holds above this level, there could be a bounce higher. A break below $0.62 would expose the next support at $0.58, potentially leading to further downside pressure.

Entry Strategy:

Bullish Scenario: A breakout above $0.65 could offer a solid entry point for long positions, with $0.70 as the first target.

Bearish Scenario: A drop below $0.62 may provide a short entry opportunity, targeting $0.58.

Keep a close eye on these levels to navigate the market effectively and maximize trading opportunities with PNUT!

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