$PNUT /USDT Technical Analysis: What’s Next? 🔥
The price of PNUT/USDT is currently at $0.7002, reflecting a dynamic and active market. Here’s a breakdown of the technical outlook:
Support & Resistance Levels:
Support: Key support is at $0.6500, a level where buyers have previously stepped in. If the price dips, this zone could serve as a potential rebound point.
Resistance: Immediate resistance is at $0.7200. A breakout above this level could trigger a rally toward $0.7500 or higher.
Market Outlook:
Bullish Scenario: Continued buying pressure could push PNUT beyond resistance, sustaining an upward trend.
Bearish Scenario: If $0.6500 fails to hold, the price may decline further, testing lower support levels.
Trading Strategy:
Short-Term Traders: Look to buy on pullbacks near $0.6500, targeting $0.7200.
Long-Term Investors: Monitor the $0.7000 level for signs of a breakout before committing to larger positions.
⚡ PNUT shows strong potential—keep an eye on these critical levels and be prepared to act! Always prioritize proper risk management in volatile markets. 💹