$PNUT PNUT has just dropped from the strong resistance zone of 1.3679 to 1.1701 (-5.45%) and is testing the important support zone around 1.165-1.170. This is a convergence area with the short-term uptrend line.

• Important support: 1.165

• Nearest resistance: 1.2514

• If the price breaks below 1.165, it may go deeper to the 1.0000 area.

• On the contrary, if it holds the support and bounces back, the target will return to 1.2514 or 1.3679.

Recommendation to monitor trading volume and movements at the support area.