Technical Analysis and Projection of PNUT
As of May 11, 2025, PNUT is in a consolidation phase following a correction from its all-time high of $2.50 reached in November 2024.
Currently, its price is $0.408554, with significant resistance at $0.79 and key support at $0.55.
The RSI stands at 45.72, indicating a possible continuation of the bearish trend.
Additionally, the negative MACD and the downward alignment of the EMAs suggest persistent selling pressure.
Despite these signals, a rebound from the current support could offer opportunities for short-term investors.
It is essential to stay informed and consider these elements when making investment decisions.