$PNUT PNUT Bears Gain the Upper Hand!

💥 $52.8K in long positions just got liquidated at $0.259! Bulls were forced to exit as PNUT reversed, triggering a liquidation cascade. The momentum shift could signal possible downside pressure—are the bears about to take control?

📉 Market Breakdown:

$PNUT Bearish Shift: With this liquidation, the next support zone lies around $0.250–$0.245. A failure to hold above could lead to further downside moves.

🔹 Key Resistance: For a bullish recovery, PNUT will need to reclaim and hold $0.265–$0.270. If not, the downward pressure could intensify.

🔹 Squeeze Potential: More liquidations could occur if price falls below key levels, increasing volatility.

⚡ What’s Next? Given the recent liquidation, downside risks are higher. Watch for potential re-entry points around $0.245–$0.250 if the downtrend continues. On the other hand, a push above resistance levels may set the stage for a rebound.

📊 Stay alert—markets could turn quickly!

#PNUT #CryptoSignals #MarketWatch#USConsumerConfidence #VVVonBinance