Analysis of PNUT coin's recent market: Can it usher in a rebound opportunity after low-level fluctuations?
PNUT's current price is $0.7299, with a 24-hour high of $0.7879 and a low of $0.7256, a drop of 4.70%. Despite the downward price, the trading volume remains at a high level, indicating that the market's attention remains unchanged.
Technical analysis
• Moving average system: MA(7) has crossed MA(25), forming support in the short term, but the overall downward trend has not been reversed, and the long-term pressure level still exists.
• RSI indicator: RSI(6) is at 51.89, in a neutral to strong range, indicating that there is a certain amount of buying support in the market.
• MACD indicator: The DIF line and the DEA line are about to form a golden cross, and there is hope for a rebound opportunity in the short term, but it remains to be seen whether the trading volume can cooperate.
Key point analysis
• Support level: $0.7000, $0.6500
• Pressure level: $0.8000, $0.9000
Strategy suggestions
1. Short-term opportunities: Aggressive investors can try long orders with small positions near the current $0.7300, set the stop loss at $0.7000, and the target level is $0.8000.
2. Wait-and-see strategy: Conservative investors can wait for the price to break through the $0.8000 pressure level before entering the market, pursuing higher upside space.
PNUT is still in the overall downward channel, and the short-term rebound requires further cooperation in trading volume, so operate with caution.
Do you think PNUT can break through $0.8000 this time? Or will it hover in the support range? Welcome to leave your comments and discuss the future market with everyone!
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