$PNUT encountered resistance on the trend line, it feels like $ACT is being manipulated by the same operator, their methods are quite similar.
First, they violently raised the price, then it started to go down, washing out those retail investors who bought in at high prices.
When everyone can’t bear it anymore and gives up, it will make a sudden spike to give you hope again, making you unable to resist chasing in again.
And the washing action of $PNUT is even stronger than that of $ACT.
In the short term, it needs to stabilize at the price of 1.35 before it can have room for further growth. Right now it’s hovering below the resistance level, we need to observe whether it can stabilize at this price level.
