🚀PNUT/USDT Price Analysis | Key Targets & Trade Signals
📊 Market Overview:
Current Price: $1.5831 (-0.67%)
24h High: $1.8740
24h Low: $1.5000
24h Volume (PNUT): 383.59M
24h Volume (USDT): $644.18M
Average Price (AVL): $1.5834
📈 Technical Analysis:
PNUT is consolidating near the $1.58 level after recent fluctuations. Traders should watch for key support and resistance levels to anticipate the next price movement.
🔑 Key Levels to Watch:
Resistance Levels:
$1.62: Immediate resistance for bullish recovery.
$1.68: Key breakout level for an upward trend.
Support Levels:
$1.56: Strong support to monitor for downside protection.
$1.50: Critical level to prevent a bearish breakdown.
🎯 Target Price Levels:
1. Target 1 (Short-term): $1.62 — Immediate resistance test.
2. Target 2 (Medium-term): $1.68 — Strong resistance for breakout confirmation.
3. Target 3 (Long-term): $1.74 — Potential bullish rally target.
📌 Trade Signal:
Entry Point: Look for long positions near $1.56–$1.58 with confirmation.
Stop-Loss: Place a stop-loss below $1.50 to limit risk.
Take-Profit: Gradually book profits at $1.62, $1.68, and $1.74.
⚠️ Pro Tip:
Monitor trading volume for breakout confirmation and track market sentiment, as meme tokens like PNUT can be highly volatile.
🌟 Stay Alert & Ride the PNUT Wave! 🚀💹