$PNUT /USDT: Meme Coin Surge Continues with Strong Gains
PNUT is trading at $1.4630, reflecting a significant +16.67% price increase in the past 24 hours. As part of the meme coin sector, PNUT remains highly active, with substantial trading volumes and price volatility.
Key Metrics
24h High: $1.5526
24h Low: $1.2161
24h Volume (PNUT): 346.50M PNUT
24h Volume (USDT): $481.66M
Technical Levels
Resistance Levels: $1.5526, $1.5708
Support Levels: $1.4375, $1.2161
Market Analysis
Upside Potential: A move above $1.5526 could propel PNUT toward the next resistance at $1.5708, maintaining the bullish momentum. Strong trading volumes and positive sentiment are critical for sustaining the uptrend.
Downside Risk: Failure to hold above $1.4375 might lead to a correction toward $1.3043 or $1.2161, with increased selling pressure signaling potential retracement.
Trading Strategy
For Buyers: Consider entries near $1.4375, targeting $1.5526 and $1.5708. Place stop-losses below $1.3043 to limit downside risk.
For Sellers: Look to short near $1.5526 if resistance holds, with targets at $1.4375 or $1.3043. Stops should be placed above $1.5708 to mitigate losses.
Sentiment Overview
PNUT’s sharp rise highlights growing interest in meme coins, but traders should exercise caution given the inherent volatility. Sustained market demand will be crucial for further upward movement, while profit-taking could introduce short-term corrections.
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