$PNUT chart shows a descending wedge pattern, which could indicate a potential bullish reversal if the price breaks above the upper trend line with strong volume. The key support level is around $1.45, and resistance targets are at $1.79 and $2.17. If support holds and buying volume increases, a price recovery may follow. However, a failure to hold this support could result in continued downside.

Watch for a breakout and increased volume as confirmation of an upward move.

DYOR