$PNUT Update

The current price of PNUT is around $1.04, experiencing a significant drop. Many traders are opening long positions, but caution is advised as the price is nearing its fair value gap. I believe it could drop further, potentially reaching $0.90.

Avoid opening longs at this stage, as the coin remains highly volatile. PNUT, initially a meme coin, now shows signs of further downside. If a buying opportunity arises, $0.85 is a strong support level and an ideal base buying zone.

Stay patient and plan your trades wisely. Focus on $0.85 as the key accumulation level.

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