$PNUT /USDT TECHNICAL ANALYSIS: SHARP SELL-OFF DRAGS PRICE TO $0.2654, WATCH SUPPORT LEVELS
The $PNUT /USDT pair has plunged by -10.37% today, currently trading at $0.2654 following a strong sell-off. Despite a minor positive return over the last 7 days (+1.14%), the 30-day and 180-day performances remain deeply negative at -28.92% and -77.91% respectively.
📊 Key Price Data:
24H High: $0.3041
24H Low: $0.2638
Volume: 130.27M PNUT traded, equivalent to $37.40M USDT, indicating high volatility and active trading.
🔍 Technical Insights (1H Timeframe):
Resistance: Immediate resistance near $0.2900 - $0.3050, a barrier after today’s drop.
Support: Key support zone at $0.2635 - $0.2650, which the price is currently testing.
Trend: The sharp decline today highlights bearish momentum, breaking through previous consolidation levels.
🔮 Outlook:
Bearish Scenario: Failure to hold the $0.2635 support could lead to further declines toward $0.2500 or lower.
Bullish Scenario: Stabilization above $0.2650 with a rebound above $0.2900 might signal short-term recovery attempts.
✅ Summary:
PNUT is facing heavy selling pressure after a significant drop today. Traders should closely monitor the $0.2635 support level to determine whether a further decline or a short-term bounce is likely.
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