PNUT crypto surges 60% in 24 hours, but analysts warn of a possible dip

PNUT surges 60% in 24 hours, but analysts predict a short-term pullback as technical indicators point to a decline.

has been one of the top-performing assets in recent weeks, recording a remarkable 1,610.05% increase over the past month, a 561.21% gain in the last seven days, and a 60% surge in just the past 24 hours.

A bearish Doji candlestick typically forms at a local price peak and suggests mounting selling pressure, as market participants prepare for potential re-entry at lower levels. This pattern signals that traders may be seeking an opportunity to drive prices down to a key demand zone. The Balance of Power indicator, which helps traders gauge market control between buyers and sellers, is currently positive but showing a downtick.

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