$PNUT Tanks by 20% – Time to Buy the Dip or Stay Out?

PNUT is trading at $1.4404, experiencing a sharp -20.07% drop in the last 24 hours, with a 24H low of $1.4100. The bears are dominating, and key support levels are being tested.

Market Snapshot:

• 24H High: $1.8126

• 24H Low: $1.4100

• Volume: 285.56M PNUT / 457.89M USDT

Technical Breakdown:

1. Resistance Levels:

• Immediate: $1.51 (MA7)

• Stronger: $1.60 (MA25)

2. Support Zones:

• Immediate: $1.41 (Daily low)

• Critical: $1.30

3. Momentum:

• MA(7): $1.5131 – Falling below this suggests sustained bearish pressure.

• Volume Spike: Selling pressure is peaking as traders exit positions.

What’s Next?

• Watch $1.41 closely—breaking below could lead to further downside.

• A bounce above $1.51 may trigger a relief rally, but caution is advised.

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