Based on the PNUT/USDT chart:

1. Trend:

• The price is in a clear downtrend, below the EMA lines (9, 21), confirming strong selling pressure.

2. Bollinger Bands:

• The price is moving near the lower band of the Bollinger Bands, indicating that selling pressure is still dominant and may continue to decline or accumulate sideways.

3. RSI (14):

• The RSI is at 35.29, near the oversold zone (<span but there is still a possibility of further decline if buying pressure does not increase again.

4. MACD:

• The MACD indicator is below 0, and the negative histogram is expanding, indicating that the strong downtrend is still continuing.

Conclusion:

• Downside risk: The price may continue to decline if it fails to hold support near 1.45.

• Strategy: Watch price reaction around this support zone for clear signs of recovery or breakout before trading.

• Possible slight recovery if RSI approaches oversold zone or lower Bollinger Bands bounce.