$PNUT $PNUT $PNUT

🫴PNUT/USDT, here's an updated technical analysis 💪📈

Key Levels

  • Current Price: 2.1696 USDT

  • 24h High: 2.5000 USDT

  • 24h Low: 0.8402 USDT

  • Support Level: 1.8304 USDT (recent low, providing potential support if the price pulls back).

  • Resistance Level: 2.5000 USDT (recent high, immediate resistance zone).

Target Levels

  • First Target: 2.5000 USDT – This is the immediate resistance level, where price could potentially face selling pressure.

  • Second Target: 2.6058 USDT – If the price breaks through the resistance at 2.5000, this level becomes the next significant target.

Stop-Loss Level

  • Stop-Loss: 1.0550 USDT – Below the recent low, offering protection in case the market reverses and moves sharply downward.

Trend Analysis

  • Price Change: +146.38% in the last 24 hours, reflecting significant bullish momentum.

  • Volume:

    • 24h Vol (PNUT): 3.11B, indicating a massive volume spike and supporting the upward price movement.

    • 24h Vol (USDT): 252M, also reflecting active trading in USDT.

  • Moving Averages:

    • MA(5): 54,203,539.2 – indicating short-term bullish momentum.

    • MA(10): 52,823,007.9 – further confirming a bullish trend in the short term.

Summary

  • Short-term Trend: Strong bullish movement with a sharp price increase in the last 24 hours.

  • Targets: 2.5000 (immediate resistance) and 2.6058 (next resistance).

  • Stop-Loss: 1.0550 USDT, offering protection against downside risk.

The PNUT/USDT market is experiencing substantial bullish momentum. However, be cautious of pullbacks near resistance levels. Setting appropriate targets and stop-loss levels will help manage risk effectively.

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