$PNUT $PNUT

🚀 PNUT/USD Technical Analysis – December 12, 2024

Currently trading at 1.8379, PNUT/USD is at a pivotal moment, with critical levels outlining its potential trajectory. Here’s a closer look at today’s analysis:

📉 Support Levels:

1.8000 is the nearest support. A sustained drop below this could see the price declining toward 1.7500 and 1.7000, where buyers might regroup.

📈 Resistance Levels:

1.8800 is the immediate resistance. If PNUT breaks above this level, it could rally toward 1.9200 and possibly test 2.0000, signaling strong bullish momentum.

🔥 Entry Strategy:

For a bullish scenario, consider entering near 1.8379 with a stop loss below 1.8000. If the price surpasses 1.8800, look for targets at 1.9200 and 2.0000 for potential profits.

📊 Market Sentiment:

PNUT/USD is consolidating within a defined range. A breakout above 1.8800 would likely indicate a bullish trend, while a fall below 1.8000 could favor bears in the short term.

💡 Trader’s Tip:

Tokens like PNUT often exhibit sharp price movements. Watch for volume spikes and market news to validate breakouts or breakdowns before executing trades.

PNUT traders, stay sharp—big moves might be on the horizon! 📈

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