PNUT price prediction: Will $1 be defended after a 50% retracement?

Quick Summary:

The spot CVD has been in decline over the past week, suggesting that spot market demand has been weakening.

The slow but steady PNUT losses meant that speculators were not eager to go long, even though Bitcoin was approaching the $100k mark.

The funding rate has been falling, and the Open Interest has slowly dwindled from $318 million to $261 million in the past four days.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Akashnath S

Category: Crypto

Markets: United StatesIndia

Topics: No Homepage Memecoins Social Ambcrypto Trading View HideCryptopanic News Analysis Altcoin News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 22:00:23 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 528 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23746167

View Article Analysis

About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 29 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

Frequently Asked Questions