$PNUT is showing signs of a potential cup formation. If the horizontal movement continues, the $1.80 level could act as a key resistance point. This structure often indicates a possible breakout, and traders should closely monitor the price action as it nears this level. Memecoins like #PNUT are known for their rapid and unpredictable movements, making it essential to act quickly and strategically. Strong volume and market momentum could push the price above resistance, leading to further gains. However, caution is advised, as volatility in memecoins can result in sudden reversals. Observing the $1.80 zone is crucial for upcoming opportunities.

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