Forecast $PNUT : historical minimum on the horizon Over the past 24 hours, the memecoin has lost 7% in price, and over the past week — more than 35%. As of the time of writing this analysis, PNUT is trading at $1.09
The current price is slightly above the support level at $0.97. If investor optimism continues to fade, the token risks losing this support and entering open decline. According to Fibonacci levels, the next important support level for PNUT is $0.55. If it also fails to hold, then the coin will likely return to its historical minimum of $0.03.
However, the trend may reverse. If market sentiment shifts to a more bullish outlook, the memecoin will have a chance to rise to $1.26. This would contradict the bearish scenario.
