$PNUT
Peanut the Squirrel (PNUT) is trading at around $0.3572, showing a daily increase of nearly 5%. Despite this, the token is still down by about 85% from its all-time high of $2.47, reached in November 2024.
Support: The recent low of $0.3249 is acting as a strong support zone.
Resistance: The nearest resistance is at $0.3773, with a potential to test the $0.40 level if upward momentum continues.
Although detailed candlestick formations aren’t specified, traders should keep an eye out for bullish signs like a hammer or bullish engulfing candle near support levels, which might hint at a price reversal.
The market is currently in a consolidation phase, and a breakout could occur if volume and buying interest pick up. Given the major drop from its peak, the token could appeal to traders hoping for a short-term rebound.
For Short-Term Traders: Consider buying near support around $0.3249 with a stop-loss slightly below that. Profit targets could be set near the $0.3773–$0.40 range.
For Long-Term Holders: It’s best to wait for consistent bullish momentum and stronger confirmation signals before entering, due to the token’s speculative nature.
Only allocate a small portion of your capital.
Always use stop-loss orders. Stay informed about news or updates from the project or community.
PNUT might offer intriguing short-term opportunities, especially for agile traders, but its high-risk profile means it’s essential to proceed with caution.