🐿️ $PNUT on Edge – Can Bulls Defend $0.256?
Price: $0.256 | 24h Volume: $120M+
Range: $0.2380 – $0.2595 — volatility rising ⚠️
Market Cap: ~$256M | –89% from ATH ($2.44)
My Take:
PNUT is hanging by a thread.
Support at $0.256 must hold or we revisit $0.242 fast.
But volume remains steady — a bounce to $0.285 is still on the table if bulls react.
RSI is nearing oversold, and market depth shows whale bids accumulating.
Reclaiming $0.265 would shift short-term momentum back to the bulls.
🎯 Target:
Bull Case: $0.285 – short-term resistance zone; strong breakout could extend toward $0.30+
Bear Case: Break below $0.256 opens path to $0.242 – watch volume closely for confirmation