$PNUT
PNUT Update:
Peanut the Squirrel (PNUT) is trading at around $0.3166, showing a minor decline of 2.34% in the last 24 hours. The token has dropped significantly, losing nearly 87% from its record high of $2.47 in November 2024.
Looking at the candlestick chart, PNUT appears to have found support at about $0.31, a zone where buyers have previously stepped in. Resistance is noted around $0.42, a level that has historically capped price gains.
Traders should exercise caution. Currently, the price is consolidating between $0.31 and $0.42. A breakout above $0.42 on strong trading volume could suggest a bullish move, while a fall below $0.31 could indicate further downside. Given the typically high volatility of meme coins like PNUT, traders should use strict risk management practices, including stop-loss orders and controlled position sizes. Staying updated on market trends and news about PNUT is also important for making informed trading choices.