🚀 $PNUT

/USDT Technical Analysis – 3 Targets to Watch! 🎯

Current Overview:

Current Price: $0.6743

24H Change: +11.47% 📈

24H High/Low: $0.7300 / $0.5852

Volume: 298.45M PNUT ($202.21M USDT)

The PNUT/USDT pair has shown strong bullish momentum, with a significant 24-hour price gain of over 11%. The upward trend suggests potential opportunities for traders aiming to capitalize on short-term gains.

Technical Insights:

1. Support Level: $0.6600

The price is maintaining stability above this support level. A breakdown here may signal a retracement toward the $0.6200 zone.

2. Resistance Levels:

Target 1 🎯: $0.7000

A key psychological level. If PNUT/USDT breaks this resistance, further upward momentum could accelerate.

Target 2 🎯: $0.7300 (24H High)

Achieving this high again would confirm a strong bullish trend. A breakout could bring even higher highs.

Target 3 🎯: $0.7800

The next major resistance level to watch. If the price breaks above this, it could spark significant FOMO buying.

Momentum Indicators:

RSI (Relative Strength Index): Indicating a bullish zone but nearing overbought territory. Monitor for any reversals.

MACD (Moving Average Convergence Divergence): Showing bullish divergence with a strong upward crossover.

Trading Strategy:

Short-Term Bulls: Look for entry points near $0.6700 with tight stop-losses around $0.6500.

Breakout Traders: Wait for confirmation above $0.7000 for a quick ride to $0.7300 or beyond.

Risk Management: Set stop-losses below the $0.6600 support zone to minimize downside exposure.

PNUT’s price action signals potential for further growth, but volatility remains high. Always trade responsibly!

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