$PNUT LOSING GRIP ON SUPPORT, CRUCIAL LEVELS AHEAD
$PNUT/USDT is currently trading at $0.3407, down -0.50% after slipping below key short-term support. Despite earlier bullish momentum, price action is weakening as bears begin to step in.
Key Price Levels:
• Resistance: $0.3440
• A strong breakout above could target:
• TP1: $0.3510
• TP2: $0.3580
• Support: $0.3380
• A confirmed breakdown may drag it to:
• TP1: $0.3290
• TP2: $0.3200
Trade Setup:
• Bullish Entry: Above $0.3440 on a confirmed breakout
• Bearish Entry: Below $0.3380 with sustained rejection
• Stop-Loss: Just beyond breakout/failure zones to reduce risk
$PNUT is on edge—watch for a decisive move from this tight range to define the next trend direction.