While performing technical analysis of PNUT (Peanut the Squirrel) and COW (CoW Protocol) cryptocurrencies, we will consider important indicators such as RSI (Relative Strength Index) and Fibonacci levels.
PNUT (Peanut the Squirrel) Analysis:
Price Movement: PNUT has experienced a decrease of 0.07181% in the last 24 hours and is currently trading at a level of 0.16941 $.
Support Levels:
0.175 $: This is an important support point, and if the price closes below this level, a deeper correction may occur.
0.149 $: This is close to the EMA(99) level and represents a potential support area.
Resistance Levels:
0.185 $: This is a short-term resistance level, and if surpassed, a move towards the 0.25 $ level may be observed.
0.25 $: This is a critical resistance point, and a sustained price movement above this level may indicate that the upward trend is strengthening.
RSI Analysis: The RSI value of PNUT is 18.68, indicating an oversold area and may signal a potential recovery.
COW (CoW Protocol) Analysis:
Price Movement: COW has experienced a decrease of 0.02044% in the last 24 hours and is currently trading at a level of 0.285447 $.
Support Levels:
0.28 $: This is close to the current price level, and a break below this level could trigger a decline towards the 0.25 $ level.
0.22 $: This is an important support point in case of a deeper correction.
Resistance Levels:
0.30 $: This is a short-term resistance level, and surpassing this level may initiate a rise towards the 0.35 $ level.
0.40 $: This is a medium-term resistance point, and surpassing this level may indicate the beginning of a bull market.
RSI Analysis: The RSI value of COW is around 40.00, which is in a neutral zone and indicates potential for both upward and downward price movements.
General Assessment:
PNUT has approached critical support levels along with an RSI value in the oversold region, which may indicate short-term recovery potential. COW is moving between certain support and resistance levels with a neutral RSI value. Both cryptocurrencies may attract investors' attention; however, it is important to remember that market conditions are volatile and investment decisions should be evaluated carefully.