Bearish Signals for Peanut (PNUT/USDT): Downward Pressure Builds

Peanut (PNUT) is trading at $1.05, reflecting an -8.28% decline over the past 24 hours. The dip suggests heightened selling pressure and a potential struggle to maintain support levels.

Key Insights:

Support Level: Holding at $1.00; a break below could lead to further declines.

Resistance Targets: Short-term resistance at $1.10, with room to recover if sentiment improves.

Technical Indicators: Bearish momentum dominates as sellers outpace buyers.

Strategy: Traders should await stabilization before entering positions. A cautious approach is advised.