🔍 Technical Analysis: $PNUT
/USDT 📊
PNUT/USDT has been seeing some volatility recently. Here's a breakdown of the current technical outlook and potential targets:
1. Support Zone: $1.05
PNUT has tested the $1.05 support multiple times, showing resilience. If the price holds above this level, a potential bounce back toward higher levels could occur.
Target 1: $1.15
A breakout above $1.10 would open the path towards the first target at $1.15, where resistance could cap the upside for now.
2. Resistance Zone: $1.28
The $1.28 level has been acting as a strong resistance, with the price facing rejection here over the last 24 hours. If the bulls manage to push past this level, we could see a sharper rally.
Target 2: $1.35
A sustained breakout above $1.28 could lead to an upward movement towards $1.35, where further resistance may appear.
3. Bearish Target: $0.95
If the price fails to hold above the support at $1.05, there is a potential for a deeper pullback.
Target 3: $0.95
A drop below $1.05 could lead PNUT toward $0.95 as the next key support, offering potential buying opportunities for the more risk-tolerant traders.
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