🚨 $PNUT /USDT ALERT: VOLATILE ACTION INCOMING! 🚨
$PNUT /USDT is trading at $1.1374, showing a significant drop from its 24-hour high of $1.3860 to a low of $0.9981. The current price action indicates potential for recovery or further consolidation before a decisive move.
Key Levels to Watch:
1. Immediate Resistance: $1.2000 – A breakout above this level could spark a short-term recovery, inviting buyers back into the market.
2. Mid-term Target: $1.3000 – Sustained upward momentum could push PNUT toward this critical level, signaling a reversal of the downtrend.
3. Final Target: $1.4000 – A strong rally above $1.3000 could lead to a retest of the 24-hour high, confirming bullish sentiment.
Support Zones:
Critical Support Level: $1.1000 – A drop below this level could lead to further losses, making it a crucial level for bulls to defend.
Key Support Floor: $1.0000 – The psychological barrier at $1.0000 acts as the final line of defense, with a break below potentially triggering heavy selling pressure.
Market Outlook:
PNUT/USDT is displaying high volatility, with traders closely watching for a breakout or breakdown from these key levels. Manage your trades carefully and monitor volume for confirmation signals.