$PNUT Price Drop — Rebound Opportunity Ahead? Targets Point to $0.34 and Beyond

After a steep decline of 19.82%, $PNUT is currently trading at $0.2747, down from a 24-hour high of $0.3444. Despite the recent sell-off, the meme token could be setting up for a recovery if key support levels hold.

Current Market Overview

Over the past day, PNUT has touched a low of $0.2688, which aligns closely with a local support zone. On the 4-hour chart, the price appears to be consolidating after a strong pullback. If buyers step in around this level, we could see a rebound toward the previous resistance levels at $0.3060 and $0.3444.

If bullish volume increases, PNUT could even aim for a breakout toward the upper range near $0.3689. However, if it fails to stay above $0.2680, further downside could take the price closer to $0.2500.

Volume & Sentiment

In the last 24 hours, trading volume has been massive—over 279 million PNUT tokens exchanged, equivalent to $81.77 million. Despite the price drop, this level of activity suggests strong interest, which could support a reversal if sentiment turns bullish.

Historical Context

Earlier in this trend cycle, PNUT showed strong upside potential, and some analysts believe this dip might be a short-term correction rather than the start of a deeper decline.

Conclusion:

If PNUT holds the support zone near $0.2700, there's a chance for a short-term recovery. Watch for momentum building toward $0.3060, and a potential retest of $0.3444. Use caution below $0.2680, as it could signal further weakness.

Buy and Trade Here on $PNUT