$PNUT has shown strong bullish momentum, achieving a significant rise in price. The price may consolidate around the current level between the MA(7) and MA(25) before making another move. Watch for a break above 2.5000 USDT for a potential continuation of the uptrend, while a drop below 1.5718 USDT could indicate a reversal or deeper pullback.
Recommendation: Traders may look for breakout opportunities above 2.5000 USDT, or consider buying at support levels if the price retraces further.
Support and Resistance Levels
Immediate Support: Around 1.5718 USDT, where the price previously found stability before the latest rise.
Resistance: The most recent high at 2.5000 USDT serves as the nearest resistance.
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