$PNUT /USDT: Price Analysis and Market Overview

Peanut (PNUT) is currently trading at $1.4947, reflecting a +5.13% gain in the last 24 hours. This momentum categorizes it as a trending asset in the meme cryptocurrency sector.

Key Metrics

24h High: $1.5887

24h Low: $1.3899

24h Volume (PNUT): 220.43M

24h Volume (USDT): $328.02M

Technical Levels

Resistance Levels: $1.5887, $1.6105

Support Levels: $1.4510, $1.3899, $1.2915

Market Analysis

Uptrend in Progress: PNUT is showing strong bullish momentum, with its price testing key resistance levels near $1.5887. A breakout above this level could lead to a rally toward $1.6105.

Volume Surge: Increased trading volume indicates heightened market interest and participation.

Trading Strategy

For Buyers: Consider accumulating near $1.4510, targeting $1.5887 or $1.6105, with a stop-loss below $1.3899.

For Sellers: Look for profit-taking opportunities near $1.5887, targeting $1.4510, with a stop-loss above $1.6105.

Sentiment Overview

PNUT’s positive momentum reflects growing enthusiasm among meme coin traders. Maintaining above the $1.4510 support level could confirm further upside potential, but volatility is expected at higher levels.

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