🚨$PNUT PNUT ALERT: Bearish Pressure or Bounce Ahead? 🚨
$PNUT is trading at 1.1977, down 5.10%, following a significant retracement from its high of 2.5000. The chart shows weakening momentum, but key levels might decide its next big move!
💡 Key Levels to Monitor 💡
Resistance: 1.2900 – A break above could indicate recovery toward 1.50 and 1.70.
Support: 1.0414 – Losing this level might trigger a drop toward 0.86 or lower.
📉 Next Move?
Bearish Scenario: If $PNUT fails to hold 1.0414, expect further downside.
Bullish Scenario: A recovery above 1.2900 could target 1.50 and 1.70.
Stay cautious – volatility is still high!