The current price of $PNUT /USDT is $0.6451, showing a -9.59% decrease.

Market Insights:

Bearish Momentum: The sharp drop suggests negative sentiment, possibly due to selling pressure or a broader market trend affecting the price.

Immediate Support Level: $0.60 could serve as the next support if the price continues to decline.

Resistance Level: The immediate resistance level is likely around $0.70, with $0.75 being the next key resistance.

Trading Strategy:

Bearish Traders: If the price breaks below $0.60, there may be a continuation of the bearish trend.

Bullish Traders: Look for signs of support at $0.60 for a potential rebound. A move back above $0.70 would suggest a recovery.

Stop Loss: For long trades, consider placing a stop loss below $0.60 to limit risk.

Watch the broader market conditions and any news that may impact the token's movement.