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$PNUT 🤑💯🔥
/USDT Technical Analysis: Key Levels to Watch 🚀
PNUT/USDT has shown strong momentum recently, surging by +7.30% to 0.6891. As the price action continues to evolve, traders are focusing on key levels to capitalize on the current market trend. Here are the 3 Targets to watch closely:
🎯 Target 1: $0.7200
The immediate resistance level. A break above this point could lead to further upward movement toward higher levels. Watch for confirmation above this zone to take advantage of the rally.
🎯 Target 2: $0.7500
If the bullish momentum holds, the next key resistance could lie around the $0.7500 level. This marks a psychological level, and surpassing it may open the door for further gains in the short term.
🎯 Target 3: $0.7800
The final target, around $0.7800, would signify a significant breakout and potentially offer extended bullish opportunities. Keep an eye on volume and price action to confirm this move.
📉 Support Levels to Watch:
Immediate support lies at $0.6395. If the price retraces, this is a crucial level for bulls to defend. A drop below this could signal potential bearish corrections.
🔍 Volume Insight: With a 24-hour volume of 181.29M PNUT and 124.24M USDT, the current trading activity remains strong, indicating a healthy market for both long and short positions.
Stay updated and monitor these key levels for potential breakout or retracement opportunities!
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