#PNUTUSD The chart represents the PNUT/USDT perpetual futures on a 4-hour timeframe, showcasing a predominantly bearish trend. The price has decreased steadily from a recent peak of 0.68158 USDT to a current level of 0.36184 USDT, marking a significant decline.
Key indicators of the chart:
• The last price is 0.36184 USDT, with a 2.01% decrease over the recent period.
• The 24-hour high is 0.37998 USDT, while the 24-hour low is 0.35057 USDT, indicating tight consolidation near the lower end of the range.
• The 24-hour trading volume is substantial, with 1.05 billion PNUT or approximately 382.92 million USDT traded.
The candlestick formation and consistent lower highs suggest a continuation of the downtrend. Despite slight consolidation near the 0.35 USDT level, no strong bullish reversal signals are evident yet. Therefore, the overall market sentiment remains bearish unless a breakout occurs above significant resistance levels.
