Current price: $0.3991
Highest price during the day: $0.4247
Lowest price during the day: $0.2074
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✅️ Market analysis
The PNUT coin, one of the meme coins on the Solana network, has achieved an amazing rise of 87% in the last 24 hours.
This rapid rise came as a result of strong momentum from the community and a noticeable increase in trading volume, which led many followers to highlight it.
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⚠️ Potential risks
Sharp rises are often followed by strong corrections.
The currency is relatively new and lacks strong technical support levels.
Like other meme coins, it is characterized by extreme price volatility that may lead to sudden losses.
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My personal opinion
PNUT has managed to establish itself within the trend of meme coins on the Solana network, and the market is currently hungry for this type of currency.
If you haven't entered yet, it's better to wait for confirmation of price stability above $0.42, but if you have made good profits, it may be wise to secure part of them.
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