$PNUT /USDT Analysis 📉
Peanut ($PNUT) is currently trading at $0.6967 (-7.44%), facing significant bearish pressure after a sharp drop from its 24-hour high of $0.7776 to a low of $0.6862. The price is attempting to stabilize but remains under a strong downtrend.
Key Levels:
Resistance: $0.7151 / $0.7487
Support: $0.6862 / $0.6816
Strategy:
Bullish Recovery:
Entry: Above $0.7000
Target 1: $0.7200
Target 2: $0.7500
Stop Loss: Below $0.6900
Bearish Continuation:
Entry: Below $0.6860
Target 1: $0.6750
Target 2: $0.6600
Stop Loss: Above $0.6900
📊 Observation: Monitor trading volume for any reversal signs or increased selling pressure. Risk management is essential in such volatile conditions.