🚨 $PNUT /USDT ALERT: Sharp Drop, Eyes on Key Levels! 🚨
$PNUT is currently trading at 1.5877, experiencing a significant 15.80% drop in the past 24 hours. With the price nearing critical levels, traders should prepare for potential volatility ahead.
💡 Key Targets to Monitor
Target 1: 1.65 – A recovery zone; breaching this could indicate bullish momentum.
Target 2: 1.75 – A key resistance level signaling further upward movement.
Target 3: 1.94 – The 24-hour high; reclaiming this could spark a new rally.
📉 Support Zone: 1.53 – Vital for maintaining price stability; a break below could lead to further decline.
🔥 Market Insights
24-Hour High: 1.94 – Indicates selling pressure at higher levels.
Moving Averages: Price trading below MA(25) and MA(99), hinting at bearish sentiment in the short term.
⚠️ Trade Strategy: Watch for a bounce from the 1.53 support or a break above 1.65 for confirmation of direction. Use tight stop-loss levels to manage risk effectively.
Stay cautious—$PNUT is poised for its next significant move!
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