After Musk called for PNUT, the price rose from 0.8 to 2.5, and then began to fall back.
Because there were many chips accumulated at the bottom, many people did not hold on at a price of around 2, and they sold out.
Those who bought later were equivalent to "taking over" those who held high chips in the early stage, allowing them to sell smoothly.
Since the high point of 2.5, PNUT has been in a state of correction.
This morning, it rose to 1.95 and then began to correct. It has now reached the 1.6 support level of the 2-hour line. If this support level is broken, it may face a larger correction, and the price may fall to 1.5 or even lower.
For this type of coin, you need to observe more, after all, the funds in and out of the Meme sector are very fast. The only uncertainty factor at present is that Musk may call for PNUT again, which may change its trend.
