$PNUT /USDT: Significant Drop Presents a Strategic Opportunity

$PNUT is currently trading at $0.6448, down 12.56% in the last 24 hours after hitting a low of $0.6352. This steep decline follows a sharp rejection from the 24-hour high of $0.7444, highlighting intense selling pressure. However, the price is consolidating near a critical support zone, indicating a potential reversal or stabilization. Traders should monitor the $0.6350 level closely as it serves as a strong support for possible bounce-back trades. A recovery could push $PNUT toward resistance at $0.6700 and $0.7000, offering a short-term profit opportunity. Tight stop-losses below $0.6300 are recommended to minimize risks in this volatile market.