$PNUT — UP OR DOWN?

Current price: ~0.30 USDT

Drop level: -38% from peak at 0.488

Situation: Bad

📉 Technical analysis:

Observing the 1h chart, we can see:

Price has lost the #uptrend since May 13 and formed the pattern "pants-dropping triangle" — which is a continuation bearish pattern.

Trading volume is gradually decreasing over time: buyers are becoming weaker.

🐳 Data #Onchain : The whale is... getting slaughtered?

Wallet 1️⃣: #long from 0.29 with x25 leverage, adding orders around the 0.29–0.30 range, not closed yet — very high risk of liquidation if Pnut drops to 0.257.

Wallet 2️⃣: Long from 0.259 with x10–x15, holding until now — if not closed early, the risk of going on-chain is real.

Meanwhile, the cash flow from the Spot wallet is gradually being released, proving that retail selling pressure is still ongoing.

🧠 Interpretive perspective:

Now the question is: “Does #Pnut still have a chance to bounce back?”

The short answer: NO MORE CHANCES.

Pnut is originally a meme token based on a story of a “squirrel” being raided by the police, causing a storm in the online community. Unfortunately, unlike Doge with Elon Musk as a meat shield, or Shiba with a supportive DeFi ecosystem, Pnut has no one behind it except for a few half-hearted attempts #FOMO .

No strong dev team.

No clear ecosystem.

No real use case.

And most importantly: No “community trust” strong enough to bear the losses.

📉 Possible scenarios:

Scenario 1:

Pnut cannot surpass 0.306 — falls straight to 0.257 → the whale gets liquidated.

Scenario 2 (beautiful bluff):

Pnut bounces to 0.34 to attract "futu analysts", creating trust and then falls back to 0.257.