$PNUT hit the target after breaking resistance, but now momentum hints at a deeper drop if the key support at $0.2594 fails.
A break below could send prices plunging toward $0.2500 or lower—brace for impact!
Hajra Ehsan
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Bearish
$PNUT is in a clear downtrend, reflecting a 21% decrease. It is currently forming resistance at $0.2523 with a temporary resistance at $0.2471. The key support level lies at $0.2429.
If the price breaks below $0.2429, expect a continuation of the downtrend with the formation of a new support level. However, if the support holds, a bounce back to $0.2528 and potentially $0.2594 (TP2) is likely.
Monitor closely for confirmation of support or further breakdown.
#MicroStrategyAcquiresBTC #MarketPullback #JUPBuybacks
If the price breaks below $0.2429, expect a continuation of the downtrend with the formation of a new support level. However, if the support holds, a bounce back to $0.2528 and potentially $0.2594 (TP2) is likely.
Monitor closely for confirmation of support or further breakdown.
#MicroStrategyAcquiresBTC #MarketPullback #JUPBuybacks
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