$PNUT NUT Price Drops 30% in One Week, but Recovery Hopes Remain

The meme coin Peanut the Squirrel (PNUT), which recently surpassed a market capitalization of $2 billion, experienced a sharp 30% decline in one week, bringing its value down to $1.36. However, there are signs that PNUT could soon begin to recover.

Despite the bearish trend, current low prices may present an attractive opportunity for investors expecting a turnaround.

Bearish Sentiment Could Trigger a Rebound

One of the key indicators suggesting potential growth for PNUT is the weighted sentiment, which measures market perception based on social activity. Positive sentiment often leads to increased demand and price growth, while negative sentiment signals the opposite trend.