$PNUT /USDT Technical Analysis đ
PNUT/USDT has been experiencing a slight pullback, currently priced at $0.7121, showing a 4.36% decrease in the last 24 hours. Letâs dive into the key levels and potential targets for this pair.
đ Support & Resistance Levels:
Support: The recent low of $0.6775 has held strong, presenting a potential entry point for buyers looking for a bounce. If the price tests this level again, a recovery could push the price higher.
Resistance: The price recently reached $0.7478; if this level is breached, we might see a significant rally toward higher levels.
đŻ Target 1: $0.7350
A moderate recovery could push PNUT to the $0.7350 level, where we expect some short-term resistance. Watch for breakouts above this level for further upward movement.
đŻ Target 2: $0.7500
If the bullish momentum continues, $0.7500 could be the next target. A strong breakout above this level might signal a shift towards a more bullish trend.
đŻ Target 3: $0.7700
For longer-term investors, $0.7700 is a potential target. This level aligns with previous highs and represents a crucial resistance area. A breakout here would likely bring a strong bullish sentiment to the market.
đ Conclusion: Watch these key levels closely for potential entry and exit points. As always, risk management is key when navigating market fluctuations.
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