$PNUT Liquidation Update

A significant $56,200 in PNUT shorts were liquidated at $1.479, as the recent rally in the PNUT market caught many traders off guard.

This short squeeze underscores the growing momentum and bullish interest driving the asset higher.

Key Details:

🔹 Amount Liquidated: $56.2K

🔹 Price Trigger: $1.479

🔹 Market Action: Bullish momentum triggering short liquidations

Technical Breakdown:

$PNUT ’s recent surge has broken key resistance levels, forcing shorts to exit as the price continues to rise.

A sustained hold above $1.45 could indicate further upside potential, with the next resistance target at around $1.50.

Outlook:

Given the current price action, the $PNUT market appears to be in a strong upward trend, but caution is advised.

Traders should monitor for potential pullbacks or consolidations before making new positions.

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