The cryptocurrency market buzzes around PNUT as traders react to key support and resistance levels. Recent price action tests a historical zone, offering a potential entry point for long-term investors while triggering strategic reallocation from other assets. Experts highlight that the token’s movement aligns with technical trends and suggests a rebound is possible, however, further confirmation is needed before making definitive moves. PNUT currently trades at $0.2817, having seen a 3.2% increase in value over the last 24 hours. This surge follows a period of retracement from the SPX6900 asset, which saw traders strategically allocate funds towards PNUT at this critical point. The token’s current price range (between $0.2833 and $0.3041) acts as a testing ground for short-term traders, while long-term investors observe for signs of a sustained bullish momentum.