🚀 $PNUT /USDT Technical Analysis 🚀
The PNUT/USDT pair is currently trading at $0.7484, boasting a significant +20.59% gain in the last 24 hours. Let’s analyze the key price levels and potential targets for this Meme token.
🔍 Key Levels to Watch:
1️⃣ Target 1: $0.7889 – The 24h high at $0.7889 is a critical resistance level. If PNUT breaks above this, it could spark further bullish momentum, pushing toward higher price zones. Keep an eye on this level for a potential breakout.
2️⃣ Target 2: $0.7484 – The current price is an essential support level. If PNUT holds above this price, it may consolidate before making another attempt at the $0.7889 resistance. Stability here could be a sign of continued strength.
3️⃣ Target 3: $0.5989 – The 24h low at $0.5989 serves as a significant support zone. If the price experiences a pullback, this level could offer a strong buying opportunity with the potential for a rebound.
💡 Key Insight: PNUT is trending as a Meme Gainer, indicating high market interest and volatility. Its impressive daily gain shows strong community momentum, but traders should stay cautious and monitor volume trends for sustained movement.
📈 Strategy: Look for a breakout above $0.7889 for continued bullish action or a bounce from $0.5989 if the price retraces. Stability around $0.7484 could signal consolidation before the next big move.
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