$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.

#PNUTsignal #BTCDipsTo90.5K #BTC100K! #CryptoHistoricMoment #CryptoMarketHype