$PNUT Update – Bearish Momentum with Recovery Potential!
$PNUT is currently trading at $1.3840, showing a decline of 13.75% in the past 24 hours. After hitting a low of $1.2593, it is attempting a recovery. Traders should watch these critical levels closely.
Key Levels to Monitor:
Target 1 (Upside): $1.5000
If momentum builds, breaking this resistance could signal a recovery phase.
Target 2 (Upside): $1.6500
A move above this level would indicate a stronger bullish reversal, potentially attracting more buyers.
Target 3 (Downside): $1.2500
On the downside, this is a crucial support level. A break below could lead to further sell-off and heightened bearish sentiment.
Market Outlook:
The market shows mixed signals, with the potential for both further correction or recovery depending on price action around these levels.