$PNUT Bears Gain Control! 🔻
A significant long liquidation of $9,870.90 at $0.65206 has triggered a sharp drop, with $PNUT facing heavy selling pressure as bullish positions are forced out.
Key Levels for $PNUT:
Support Zone: $0.640 is a crucial level to watch; breaking below could lead to a decline toward $0.620.
Resistance to Reclaim: Bulls must push above $0.660 to regain control and potentially reverse the trend.
Momentum Outlook: Bearish in the short term; relief buying could occur near support, but further downside is possible if selling pressure persists.
Will $PNUT stabilize near support, or are further losses in store? Keep an eye on market dynamics for the next move!
