$PNUT encountered resistance on the price trend line, very similar to the trading method of $ACT.
Both experienced a violent surge, followed by a downward washout, driving retail investors who bought at high levels out of the market.
When everyone began to lose patience and prepare to give up, the price suddenly rebounded, reigniting market hopes and enticing more investors to chase the rise.
However, compared to $ACT, the washout for $PNUT is more intense, and it needs to be observed whether it can successfully hold the key support level of $1.35 in the short term; only by stabilizing within this price range can it provide greater space for subsequent increases.
Currently, the price is still fluctuating below the pressure zone, and it is necessary to closely observe whether it can break through and stabilize at that position.
