$PNUT /USDT pair is currently experiencing a 4.31% decline, trading at 0.3086 after a 24-hour high of 0.3239 and a low of 0.3067. With 85.15 million $PNUT traded and a volume of 26.81 million USDT, the market remains active but volatile. The current price is nearing the lower Bollinger Band (0.3081), indicating a potential reversal or support level. Traders should watch for price action around this level for potential buy signals, as a bounce upwards could target the middle band (0.3118) or the upper band (0.3154). Risk management is key, as volatility remains high, but with the right strategy, there could be profitable opportunities in this range. Keep an eye on volume and trend indicators like EMA for confirmation before executing trades.
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