๐จ$PNUT PNUT IN FREEFALL: WHATโS NEXT? ๐จ
$PNUT is trading at $1.2487, down 9.98% in the last 24 hours. After hitting a high of $2.5000, the price has sharply corrected, signaling caution for traders.
Key Levels to Watch:
๐ Support: $1.2154 โ Holding this level is critical to prevent further downside toward $0.8632.
๐ Resistance: $1.5399 โ A recovery above this level could indicate a potential bounce toward $1.7415 or higher.
Market Insights:
Sharp Correction: The recent sell-off suggests heavy profit-taking or a lack of buyer momentum.
Bearish Sentiment: Sellers are dominating, and volume reflects increasing caution in the market.
๐ Action Plan: Watch the $1.2154 support level closely for stability, and consider tight risk management for trades in this volatile phase.