🚨 $PNUT /USDT ALERT: Rebound or Breakdown? Key Levels in Focus! 🚨
$PNUT is currently trading at $1.1776, showing a -1.54% dip after retracing from a 24-hour high of $1.4169. The market appears to be stabilizing as buyers re-enter at lower levels.
💡 Key Levels to Watch:
Resistance: $1.2500 – Breaking this could push PNUT toward its next bullish targets.
Immediate Support: $1.1127 – Holding this level is crucial to prevent further downside.
🎯 Targets for Bulls:
1. $1.3000
2. $1.3500
3. $1.4100
⚠️ Bearish Scenario: If $PNUT fails to hold the $1.1127 support, a drop to $1.0500 could be on the cards.
📊 Market Insights:
Strong volume and a wide trading range indicate active participation from both buyers and sellers.
Watch for the MA(7) crossing above the MA(25) for early signs of a bullish reversal.
📢 Trade Wisely: The next move could define PNUT's direction for the short term. Stay alert and manage risk as volatility persists.
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