Critical Support Levels for PNUT

At the current price range, the FVG support is a key threshold. If this level is breached downward, the next significant support point will be $0.175. Losing this level as well could push the price lower, where the bullish FVG in the lower region would act as the next support. In this scenario, selling pressure could increase, making it more likely for PNUT to test even lower levels.

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On the upside, the first resistance level is the bearish FVG located just above the current price level. If this resistance is cleared, the $0.25 zone will once again become a key target. Breaking above this threshold could pave the way for the next major resistance range at $0.306 – $0.325. At these levels, the strength of buyers will be crucial in determining whether the uptrend can continue.

Overall, the $0.175 support and $0.25 resistance play a crucial role in PNUT’s price action. Investors should closely monitor these levels and adjust their trading strategies accordingly.

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The post PNUT Price Analysis: If Support is Lost, Decline May Deepen! appeared first on Coin Engineer.