$PNUT

/USDT Technical Analysis

PNUT/USDT has shown some significant price movement over the past 24 hours, with a healthy 5.44% increase. Let’s dive into the technical aspects and identify potential targets 🎯.

📈 Current Price: 1.2254 USDT

📊 24h High: 1.2854 USDT

📉 24h Low: 1.0414 USDT

Key Levels to Watch:

1. Target 1: 1.29 USDT

A breakout above the 1.28 resistance could lead to a push towards 1.29, where we could see strong upward momentum. Watch for volume and momentum to confirm this breakout.

2. Target 2: 1.35 USDT

If the bulls continue to dominate, the next major resistance could be at 1.35. This level could act as a psychological barrier, so a clean break above this might trigger further gains.

3. Target 3: 1.50 USDT

Longer-term, if the price holds above key support levels and continues its upward trajectory, the 1.50 level could be in sight, representing a strong bullish rally.

Trading Strategy:

Bullish Trend: Watch for consolidation above 1.22 to indicate that the price may push towards 1.29.

Bearish Risk: A drop below the 1.10 level could signal a trend reversal, with possible targets to the downside.

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