📊 Technical Analysis: $PNUT

/USDT - Price Action & Target Levels 📈

The PNUT/USDT pair has been experiencing notable volatility recently. After reaching a high of $1.9414, it has pulled back slightly to its current level of $1.7688, showing a positive shift of +11.80%. Let’s break down the key levels and potential targets.

Key Levels:

Support Zone: $1.5055 (24h Low)

Resistance Zone: $1.9414 (24h High)

Target 1 🎯 - $1.85

PNUT is currently testing a short-term resistance near $1.85. A breakthrough could lead to a bullish continuation, pushing price action toward this target. Watch for confirmation through increased volume and a steady close above this level.

Target 2 🎯 - $1.92

If momentum continues and the $1.85 resistance is broken, expect PNUT to challenge the $1.92 level, where we’ve seen previous resistance. This area is crucial to determine whether the bullish trend can persist. A strong close here could lead to an upward breakout.

Target 3 🎯 - $2.00

With bullish momentum on the rise, reaching the psychological level of $2.00 seems highly plausible. It’s a strong resistance level where traders will look for profit-taking opportunities, but if broken, it could open the path for even higher gains.

Key Takeaways:

Immediate Resistance: $1.85

Short-Term Target: $1.92

Long-Term Target: $2.00

Watch the Volume: A surge in volume will confirm breakouts and price continuation.

Stay tuned and trade carefully. Always set your stop-loss and trade responsibly. 🚀

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