$PNUT T /USDT Analysis Testing Key Support Near $0.42 $PNUT is trading at $0.4398, showing a sharp drop of -17.56% in the last 24 hours. After hitting a 24-hour low of $0.4245, it is attempting to recover slightly but still faces bearish pressure.

PNUT

0.4401

-17.93%

Key Levels:

Resistance:

$0.4550 (Immediate resistance)

$0.4750 (Key breakout zone)

Support:

$0.4245 (Critical support)

$0.4000 (Major psychological level)

Trade Setup:

Long Entry: Above $0.4550

Targets:

1. $0.4700

2. $0.4850

Stop Loss: Below $0.4245

Short Entry: Below $0.4245

Targets:

1. $0.4100

2. $0.4000

Stop Loss: Above $0.4550

Market Insight:

The RSI at 42.01 indicates a neutral-to-oversold condition, while the Wm %R at -62.59 suggests the coin is near a potential bounce zone. However, bearish momentum is strong, and a further drop toward $0.40 cannot be ruled out without significant buying volume.#TRUMPOnBinance #SOLNewATH