#Pnut #PNUTUSD #loser

$PNUT /USDT: Significant Drop, But a Potential Bounce in Sight ..PNUT/USDT is currently trading at $0.5349, reflecting a steep 15.74% decline in the past 24 hours. After hitting a high of $0.6818, the coin experienced a sharp downward trend, finding temporary support near its 24-hour low of $0.5254. This dramatic sell-off is likely driven by heightened market volatility and a surge in selling pressure.

Analysis and Key Levels to Watch

The current level of $0.5250 is a crucial support zone. If $PNUT holds above this level, it may attract buyers looking for a short-term rebound. A breakout above the immediate resistance of $0.5600 could signal a recovery, with potential targets at $0.6000 and $0.6400. However, a failure to maintain support could push the price further down toward $0.5000. The trading volume of 343.95M PNUT highlights active market participation, suggesting volatility will remain high. Traders should keep a close eye on price action around the support and resistance levels for potential entry and exit points.