📊 Market Overview
Current price: $0.4069 USD
Market capitalization: $404 million USD
24h trading volume: Over $1 billion USD
CoinMarketCap ranking: #143
Circulating supply: 999.85 million PNUT
ATH (All-Time High): $2.44 USD (November 2024)
ATH (All-Time Low): $0.03187 USD (November 2024)
🧾Introduction to PNUT
Peanut the Squirrel is a rescued squirrel who became an internet phenomenon and a symbol of charity and animal rights. This touching story inspired the launch of the memecoin PNUT on the Solana ecosystem in November 2024. Although it started as a non-profit project, PNUT quickly attracted attention from the community and investors.
📈Technical Analysis
Near resistance: $0.46 USD, $0.50 USD
Strong support: $0.33 USD, $0.30 USD
RSI: Currently high, indicating the coin may be in the overbought zone
MACD: Heading upwards, suggesting the uptrend may continue
📌 Notable News
Listed on Binance: PNUT has been listed on Binance, increasing liquidity and attention from the community.
Strong growth: PNUT's price has increased by over 800% after listing, attracting interest from investors and the community.
Community support: The PNUT community is growing strongly, with many activities and events held to enhance engagement and promote the project.
💡Trading Strategy
Scenario 1 – Open Long Position
Reason for entry: Price broke through the resistance level of $0.45 USD with increased trading volume, confirming the upward trend.
Entry zone: $0.40 – $0.45 USD
Stop-loss (SL): $0.35 USD
Take-profit (TP): $0.50 USD
Success probability: 70% (Based on technical signals and strong inflow)
Scenario 2 – Open Short Position
Reason for entry: The price could not maintain above $0.45 USD and shows signs of a bearish reversal.
Entry zone: $0.45 – $0.50 USD
Stop-loss (SL): $0.55 USD
Take-profit (TP): $0.40 USD
Success probability: 60% (Based on potential correction after a strong increase)
Note: The market is in an excited state; strict risk management is needed and closely monitor technical signals.