Peanut the Squirrel
$PNUT đżď¸đżď¸
#Peanut the Squirrel (PNUT) is showing promising technical signals despite a recent 3.9% dip in the last 24 hours. Currently priced at $0.2474, the token is trading within a horizontal channel â a classic pattern indicating market consolidation.
đ Key Price Predictions:
đš Bullish 2025 Target: $0.4794 â $1.0203
đš Bearish 2025 Target: $0.0560
đš Long-Term Forecast (2030): PNUT might aim for the $5 mark if momentum sustains.
đ Technical Breakdown:
All-Time High: $2.47 (Nov 14, 2024)
All-Time Low: $0.03396 (Nov 5, 2024)
Support Zones: $0.1475, $0.0560
Resistance Zones: $0.4794, $1.0203
đ Indicators Say:
50-Day MA: $0.1800 â Price is above 50MA â Uptrend
RSI: 79.98 â Overbought (Be cautious of potential pullback)
Relative Volume: Below average â Weak buyer strength for now
đ¨ What to Watch:
If PNUT maintains its range within the channel, it could revisit $0.4240 and even test $1.5095. However, a breakdown could send it towards $0.2280 or lower.
đ§ Strategy Tip: Monitor RSI and volume closely. Overbought signals suggest the asset may need cooling off before another rally.
đ Final Thought: PNUT is consolidating â which often signals a big move coming. Stay alert for a breakout or breakdown confirmation.
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