$PNUT Volume Alert: Technicals Flash Green as Interest Surges
Despite a recent 7% price drop, $PNUT is grabbing attention with a strong spike in trading activity. In the last 24 hours, its volume surged by an impressive 55%, reaching $134 million. This puts its volume-to-market-cap ratio at 78%, a highly encouraging sign in a market that often struggles for sustained momentum. While some may view the price dip as a red flag, the volume increase suggests that a bigger move could be in the works.
Late squirrel
Over the past weeks, Solana-based memecoins have been making waves. Tokens like $WIF and $BONK dominated daily gainer lists and grabbed headlines, riding a wave of hype and trader enthusiasm. Meanwhile, $PNUT appeared to lag behind, showing limited gains and little action — until now.
The question many traders are asking: Is $PNUT about to catch up?
Technical Setup: Flashing Bullish Signals
To get an answer, we need to zoom out and examine the technical picture.
Source: TradingView
Since mid-February, $PNUT has been moving in what many chart watchers would call an accumulation zone — a period of sideways trading with relatively low volatility, often a precursor to a breakout. Toward the end of February, it managed to flip the Supertrend indicator green on the daily chart, suggesting a shift toward bullish sentiment. However, that momentum was short-lived, and the Supertrend flipped back to red in early April as the price failed to maintain higher levels.
Now, in a promising turn of events, $PNUT has again flipped the daily Supertrend indicator to green, signaling a potential return to bullish territory. Combined with the spike in volume, this is the kind of technical + volume alignment that often precedes price rallies in the volatile world of memecoins.
Fundamentals Are Lining Up
Beyond the chart, the fundamentals for $PNUT are quietly strengthening. The token boasts an active and growing community, which has remained engaged even through the slower weeks. On social media, mentions and engagement have been steadily rising, signaling growing awareness and renewed trader interest.
The volume-to-market-cap ratio of 78% is also a major positive. This metric is often used by traders to gauge whether a token is under- or over-traded relative to its valuation. In $PNUT’s case, the volume is high compared to its current market cap, which typically suggests undervaluation — or at the very least, momentum building beneath the surface.
What’s Holding $PNUT Back?
With volume rising, technical indicators flashing green, and an active community behind it, many are wondering: What’s stopping $PNUT from making its move?
It could simply be timing. In the memecoin sector, narratives and momentum rotate quickly. What’s lagging today can become tomorrow’s top gainer. With volume increasing and technicals improving, $PNUT may just be waiting for the right catalyst — perhaps a listing, a viral post, or a Solana-wide rally — to catch up with its peers.
For now, $PNUT is worth watching closely. The ingredients for a move are all in place.
