$PNUT /USDT: Gains Momentum with 6.39% Increase

PNUT/USDT is trading at $1.20, reflecting a 6.39% gain over the past 24 hours. As a meme token, it continues to attract significant attention, supported by high trading volume.

Key Data Points:

24h High: $1.2749

24h Low: $1.0652

24h Volume (PNUT): 296.61M PNUT

24h Volume (USDT): $344.35M

Trade Strategy:

Long Position: Enter above $1.22, targeting $1.27 and $1.30, with a stop loss at $1.15.

Short Position: Consider selling below $1.15, aiming for $1.10 and $1.05, with a stop loss at $1.22.

Market Outlook:

PNUT/USDT shows strong upward momentum, with price nearing its 24-hour high. A successful breakout above $1.27 could trigger further gains towards $1.30 and beyond. However, failure to maintain current levels might lead to a correction towards $1.10 or lower. Traders should monitor market sentiment and volume for potential opportunities.

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