$PNUT /USDT: Meme Token Sees a 2.33% Price Uptick

PNUT is trading at $1.1240, reflecting a 2.33% gain in the last 24 hours. The meme token maintains steady market activity, bolstered by a strong trading community and robust transaction volumes.

Key Data Points:

24h High: $1.1414

24h Low: $1.0289

24h Volume (PNUT): 229.89M PNUT

24h Volume (USDT): $248.49M

Trade Strategy:

Long Position: Consider buying above $1.13, with targets at $1.15 and $1.20. Set a stop loss at $1.08.

Short Position: Enter below $1.05, aiming for $1.03 and $1.00. Set a stop loss at $1.10.

Market Outlook:

PNUT/USDT is displaying gradual bullish momentum, testing resistance at $1.14. Sustained buying interest could propel the price to higher levels, while a dip below $1.05 might indicate further consolidation. Traders should monitor volume changes closely for confirmation of trend direction.

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