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PNUT recently showed interesting signals. Looking at the daily chart, the price has started to reverse from the bottom area, with the 1-hour and 4-hour cycles continuously breaking through resistance levels. Historically, this coin has experienced significant corrections, with declines exceeding 90%, but signs now seem to be changing.
On-chain data is worth paying attention to—exchange outflows are increasing, and large holders are actively accumulating. This usually indicates that market participants are actively positioning at the bottom. Currently, the price is around 0.099, which still leaves considerable room compared to historical highs.
From a technical perspective, signals of an early upward trend are emerging. If the price can hold above key support levels, a phased rebound may follow. Of course, any trading involves risks, but this price level presents a buying opportunity worth considering.