$PNUT

PNUT/USDT Technical Analysis: Current Price at 1.2770

PNUT/USDT is currently trading at 1.2770, and the market is showing potential for a significant price move. Here’s a detailed look at the key support and resistance levels:

🔑 Support Level: The immediate support is at 1.2500. A break below this level could signal further bearish momentum, with the next key support around 1.2000, where buying interest might emerge.

🚀 Resistance Level: On the upside, 1.3000 is the key resistance level to watch. A breakout above this level could trigger a bullish rally, with the next resistance target at 1.3500.

💡 Entry Strategy: A long entry above 1.3000 offers a solid opportunity, with a potential target near 1.3500. On the other hand, if the price drops below 1.2500, a short entry could be considered, with targets around 1.2000.

📊 Momentum Indicators: The RSI is at 58, indicating neutral momentum, with no clear overbought or oversold signals. The MACD is also flat, suggesting indecision. A crossover in either direction could indicate the start of a new trend.

📈 Pro Tip: Volume will be a key factor. An increase in volume will help confirm a breakout above resistance or a breakdown below support, adding confidence to your trade.

PNUT/USDT is at a critical level, with key support and resistance zones in focus. Watch for a breakout above 1.3000 or a drop below 1.2500 to capture the next move! 🚀📉📈

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