$PNUT Callback Target Analysis
Since November 14, $PNUT has been oscillating downwards along the channel shown in the chart. Considering that the current market liquidity is still not optimistic, and Bitcoin has not yet corrected adequately, it is highly likely that $PNUT has also not reached its bottom.
Therefore, after $PNUT rebounds to the midline of the channel, it is likely to fall again towards the lower edge of the channel.
Overall, this correction will basically wipe out the gains made since the announcement of the new token on Binance on November 13.
The correction target is between 0.4 and 0.5.
