SLEEPYHEAD I wanna share my prediction for #PNUTMovement .... Possibility of a High: Reaching previous highs will depend on: Positive news or developments regarding #PNUT A broader market recovery or bullish trend. Sustained buying pressure at current levels.
If these conditions align, a recovery toward resistance levels is possible. However, you should manage risks carefully and avoid expecting a quick return to highs without substantial market support.
$PNUT /USDT ON THE BRINK: Will It Recover From $0.2439 or Crash Further? $PNUT /USDT is teetering at $0.2439, with a sharp 19.88% drop in the last 24 hours. The token has reached a 24-hour low of $0.2403, raising concerns of further declines but also presenting a potential rebound opportunity.
Critical Levels to Watch:
Resistance: $0.2750 – Breaking above this level could spark a recovery rally toward $0.3000.
Support: $0.2400 – A failure here may open the door to $0.2000 or worse.
Key Indicators:
RSI at 8.82: Signaling extreme oversold conditions and a possible bounce.
Volume: High selling pressure, but any reversal could attract strong buyer interest.
Possible Trade Setups:
1. Bullish Opportunity: A rebound from $0.2400 could target $0.2750 and $0.3000, depending on buying strength.
2. Bearish Scenario: A break below $0.2400 may push the price to new lows at $0.2000.
Traders should stay vigilant as PNUT/USDT approaches a critical decision point. Volatility remains intense act with caution and monitor key levels....
