$PNUT

/USDT Technical Analysis - Key Targets Ahead 🚀

PNUT/USDT has been making a strong move lately, surging by +272.60% in the last 24 hours. Let's dive into the technical chart and identify potential targets for traders to watch:

Current Price: $1.6957

Key Levels to Watch:

1. First Target: $1.80 (Resistance Zone)

PNUT/USDT is nearing the $1.80 resistance level. If the price can maintain momentum, breaking this level could signal further bullish continuation. Watch for volume and breakout confirmation above this mark.

2. Second Target: $2.00 (Psychological Resistance)

The next key psychological resistance is $2.00, which could provide strong upward potential if momentum continues. This level will be crucial in determining whether PNUT/USDT can sustain its bullish trend or face a pullback.

3. Third Target: $2.50 (Extended Bullish Zone)

If PNUT/USDT surpasses $2.00, the extended bullish target sits at $2.50. This level aligns with strong technical indicators showing potential for further upside, depending on market conditions.

Support Zone:

$1.50 serves as an important support level. A drop below this could signal a potential reversal or consolidation before another leg up.

Final Thoughts:

The PNUT/USDT pair is seeing significant momentum, but traders should watch for breakout confirmations and manage risk around the key levels. Stay tuned for further updates as the market evolves!

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