$PNUT Short Liquidation Sparks Intense Action—What’s Next?
A $2,565.8 short liquidation at $0.64112 has ignited volatility in the $PNUT market.
With bears caught off guard, bulls are leveraging the momentum, driving prices closer to the critical resistance at $0.65.
This key level now stands as the gateway to a potential rally, with $0.68 as the next target if momentum holds strong.
However, the bears are not retreating quietly.
Many have set stop-loss levels just above $0.645 to limit exposure, while bulls are placing their safety nets around $0.63 to protect gains.
The next move depends heavily on whether PNUT can sustain its climb above $0.645.
A successful breakout could spark a surge toward $0.68, intensifying the bullish narrative.
On the flip side, failure to hold $0.63 could result in a pullback to $0.61 or lower.
With tensions running high, traders should stay on high alert for sudden swings and adjust their strategies to the unfolding market dynamics.$PNUT