$PNUT /USDT Analysis: Technical Breakdown & Targets
Current Price: $0.6967 (-4.99% on the 30m chart)
Technical Analysis:
$PNUT /USDT has faced resistance at $0.7478 (24h high) and is retracing toward $0.6775 (24h low).
The price is consolidating near the $0.6900 range, suggesting indecision in the market.
A breakout from the current range will determine the next significant move.
3 Targets for PNUT/USDT:
1. Target 1 (T1): $0.7100
Immediate resistance level based on previous price action.
A move above this level signals potential for bullish recovery.
2. Target 2 (T2): $0.7400
Resistance close to the 24h high.
Breaking this level confirms a strong upward momentum.
3. Target 3 (T3): $0.7800
Extended target derived from Fibonacci extensions and previous highs.
Actionable Advice:
Short-Term Traders: Secure partial profits at $0.7100 and adjust stop-loss to breakeven.
Long-Term Traders: Watch for a breakout beyond $0.7400 to target $0.7800.
Stop Loss: Place below $0.6770 to minimize risk.