🚨💡 $PNUT and $ACT Market Insight for the Next 24 Hours! 💡🚨
Hey @Sajidshah-281 , great question! Let’s dive into the potential movements for both $PNUT and ACT based on the recent price action.
$PNUT/USDT Analysis:
Currently, PNUT is trading around 1.9352, up by an impressive +24.84% in the last 24 hours. This surge brought PNUT close to its 24-hour high of 2.5000, indicating strong bullish momentum. However, we’re seeing a bit of consolidation after the sharp rise, signaling potential profit-taking.
🔹 Key Resistance: 2.5000 – A breakout here could push PNUT even higher, possibly attracting new buyers and driving momentum.
🔹 Support Zone: 1.7500 – Holding above this level is crucial. If it breaks down, we might see a retracement toward 1.5000.
💥 Outlook: Watch for a retest of resistance. If PNUT breaks above, expect a bullish continuation. Otherwise, be cautious of a potential dip if selling pressure builds.
$ACT/USDT Analysis:
ACT has also seen solid gains, currently at 0.7870, up +9.59%. Similar to $PNUT, ACT reached a recent high of 0.9500 before pulling back slightly, which may be a signal for consolidation.
🔹 Resistance Level: 0.9500 – A strong move above this level could ignite a fresh rally, pushing ACT toward the 1.0000 mark.
🔹 Support Zone: 0.7000 – This level will be vital for maintaining upward momentum. A drop below could signal more consolidation.
💥 Outlook: If Act can hold above its support and retest resistance successfully, there’s a good chance we’ll see further bullish movement. However, caution is advised if it drops below support, as this could lead to a temporary pullback.
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