Initial Exploration of PNUT Market: Is a Bottoming Opportunity Approaching?

PNUT/USDT is currently quoted at $0.7231, with an intraday decline of 6.55%. From a technical perspective, the price is operating above MA7 ($0.7178), but there is still a certain distance from MA25 ($0.7911), indicating potential short-term pressure. The MACD indicator shows that bullish momentum is gradually strengthening, but has not yet completely broken through the reversal signal.

After a recent rebound, the price has significantly recovered from the previous low of $0.5852, but there is still strong resistance in the area from $0.7879 to $0.9030. Trading volume has increased, indicating that market funds are gradually becoming active.

It is recommended to pay attention to the upcoming market test of the $0.7 support level; if it can hold, it is expected to continue challenging the $0.8 mark. The short-term market is experiencing intense bullish and bearish competition, and investors are advised to patiently wait for clear signals before making trading decisions.