$PNUT /USDT: Meme Token Sees Modest Gains Amid Volatile Session

PNUT is trading at $1.23, reflecting a 1.92% increase over the past 24 hours as meme tokens gain renewed interest.

Key Metrics

24h High: $1.2696

24h Low: $1.1242

24h Volume (PNUT): 191.10M PNUT

24h Volume (USDT): $228.19M

Technical Overview

Resistance Levels: $1.2696, $1.3831

Support Levels: $1.1242, $1.0652

Market Analysis

Bullish Case: A breakout above $1.2696 could pave the way toward $1.30, with potential upside to $1.38 if momentum sustains.

Bearish Case: If $1.1242 support fails, PNUT may revisit $1.10, risking a deeper pullback to $1.0652.

Trading Strategy

Short-Term Traders: Watch for a breakout above $1.2720, with targets around $1.30. Consider stop-loss orders below $1.12 for risk management.

Long-Term Holders: Accumulation at dips near $1.10 may offer favorable entry points, with focus on speculative upside linked to meme token trends.

Market Sentiment

PNUT’s performance reflects growing interest in meme-driven tokens. However, traders should remain cautious, as heightened volatility could present sudden reversals.

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