$PNUT is currently trading at $1.61, up 0.36%, with a 24-hour high of $1.87 and a low of $1.50. After a significant pullback, $PNUT appears to be stabilizing, presenting an opportunity for traders to predict the next major move.
Key targets to watch:
📈 Target 1: $1.70 – Immediate resistance; a breakout here could indicate a resumption of bullish momentum.
📈 Target 2: $1.85 – A retest of the recent high is likely to attract further buying interest.
📈 Target 3: $1.95 – A strong bullish rally could push prices to this critical level.
Support levels:
📉 Key support: $1.50 – Staying above this zone is crucial for maintaining a positive sentiment.
💡 Analysis:
7MA at $1.69 indicates short-term bearish momentum, but hints at a potential reversal.
Volume indicates that traders are closely monitoring this range, preparing for potential volatility.
⚠️ Caution: Keep stop-losses close below $1.50 for effective risk management on declines.
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