$PNUT is currently priced at $0.2170, down 6.75%, continuing its downward trend after hitting a 24-hour low of $0.2160. The price remains below both the 25-period MA at $0.2258 and the 99-period MA at $0.2494, signaling a strong bearish outlook. A further drop below $0.2160 could lead to additional downside risk, potentially testing lower support levels. However, if buyers enter the market, resistance at $0.2243 and $0.2315 must be broken for a potential rebound. The order book indicates 54.14% sell pressure, reinforcing the bearish sentiment. Traders should monitor volume and look for a reversal signal before considering long positions.

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