PNUT/USDT Point Analysis and Trading Suggestions

Market Overview

PNUT/USDT current quote is $0.8303, intraday decline -17.13%, bearish trend is obvious, and the price is approaching the intraday low.

• 24-hour highest price: $1.0538

• 24-hour lowest price: $0.8145

• 24-hour trading volume: 232 million PNUT

Current price trend is clearly in a downward channel, market sentiment is bearish, and there may be a rebound in the short term but is constrained by overhead pressure.

Technical Analysis

1. Moving Averages

• MA(7): $0.9548 (short-term resistance level)

• MA(25): $1.0579 (medium-term resistance level)

• MA(99): $1.2215 (long-term trend line resistance level)

Current price is far below the 7-day and 99-day moving averages, indicating a strong downward trend.

2. MACD

• DIF: -0.0664

• DEA: -0.0488

• Histogram: -0.0176

MACD indicator shows a significant increase in bearish momentum, with downward momentum dominating in the short term.

3. Trading Volume

Trading volume has increased significantly during the decline, indicating strong market selling pressure, and the current low position stabilization needs to focus on signs of volume contraction.

4. Key Levels

• Support Levels:

• First Support: $0.8145 (intraday low)

• Second Support: $0.7850 (psychological level below)

• Resistance Levels:

• First Resistance: $0.9500 (short-term resistance, 7-day moving average)

• Second Resistance: $1.0000 (psychological round number)

Short-term Strategy

Bearish Strategy

If the price rebounds near the resistance level and fails to break through, consider lightly shorting:

• Entry Point: $0.9400-$0.9500

• Take Profit Point: $0.8500 / $0.8100

• Stop Loss Point: $0.9800

Bullish Strategy

If the price falls back to the support level and stabilizes, consider attempting a short-term rebound:

• Entry Point: $0.8150-$0.8300

• Take Profit Point: $0.8800 / $0.9500

• Stop Loss Point: $0.7850

Trend Prediction

• Short-term Trend: After a sharp decline, the market may enter an oversold area, with a high probability of a short-term rebound.

• Medium-term Trend: If the price cannot effectively stabilize above $1.0000, the overall trend remains bearish.

Operational Suggestions: It is recommended to pay attention to the performance of the $0.8145 support level, while controlling positions during the rebound process to prevent risks from deep corrections.