$PNUT – Will it 'pump' again? Or is it just a crispy roasted bean? 🥜📉
$PNUT – a #memecoin 'looks like but isn't'. Once peaked at 2.55 USDT, now only 0.12. Split more than 20 times from the peak, but recently quadrupled from the bottom (0.1198 to 0.4740). Sounds great, but let's take a closer look...
❌ 1. Meme coins don't have a second chance
Every meme has a lifespan. Except for a few 'dog system legends' like DOGE or SHIB that maintain hype for a long time, most memes just 'flare up' then... fade away. $PNUT fits this pattern exactly: after revival, it's time to cash out in bulk.
📊 2. There are two price levels #Pnut it could reach: 0.48 and 0.70
These two levels are potential targets, but they are also extremely strong resistance zones. As the price approaches here, selling pressure from whales may appear even before reaching it, aiming to unload and take profits, causing the price to easily reverse or drop sharply.
🐳 3. Volume is increasing but new money isn't coming in
High volume does not equate to real buying power. Most are internal trades from whales, easily creating the feeling of 'about to #pump again' but in reality preparing to... 'drop down'.
🧠 4. Market sentiment is saturated
After a quadruple increase, the sentiment of 'if you haven't gotten in yet, too bad' is spreading. There aren't many reasonable reasons left to push the price higher when Pnut has weakened a crucial factor for creating a new trend.