$PNUT

From the 24-hour data perspective, the main force of pnut has replenished a considerable amount of long positions here, with the contract open interest increasing by nearly 50 million. The main contract has also seen a significant inflow, while many retail investors seem to be closing their positions and leaving, possibly feeling genuinely disheartened? The price has once again been pushed out of the oscillation range we previously drew by the main force's long positions. The upper boundary price of the oscillation range is approximately 1.25. This morning, this surge rose and tested the upper boundary of the range before going up again. The K-line has been stronger than in previous breakouts followed by pullbacks.

Now we can shift our focus from the previous support level of 1u to the price near the upper boundary of 1.25u. As long as it tests multiple times without dropping below, we can set aside news and other factors and remain bullish on pnut.

Recently, retail investors holding pnut must not be feeling good, as the market focus has shifted from memes to altcoins. I hope you don't only have pnut in your portfolio; otherwise, it might be quite a struggle lately, considering various VC-backed altcoins are rising chaotically.