$PNUT has broken below a critical support level and is now testing the $1.14 zone, signaling potential bearish continuation. A decisive breakdown here could lead to a further drop toward $1.10, with selling pressure intensifying. However, traders should remain vigilant, as fakeouts are common near such key levels.

A recovery above $1.20 could hint at a reversal, but with bearish momentum prevailing, caution is advised. Tight risk management is crucial as volatility increases in this high-stakes zone.

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