#OrderTypes101
PNUT coin has experienced a sharp decline, dropping significantly in value amid broader market volatility. Traders note reduced liquidity and weak buying pressure, with technical indicators like RSI signaling oversold conditions. The drop follows bearish sentiment across altcoins, possibly triggered by Bitcoin's correction. Key support levels were broken, accelerating sell-offs. Social media buzz suggests panic selling, while some analysts see this as a buying opportunity. Volume spiked during the fall, indicating strong downward momentum. If the trend continues, PNUT may test lower supports before stabilizing. Long-term holders remain cautious, awaiting signs of reversal. Always DYOR before trading.
