The price of Peanut the Squirrel (PNUT) surged over 10% in the last 24 hours following the announcement by Coinbase to add a USD trading pair for the coin.
PNUT Price Reaches New High
The price of Peanut the Squirrel jumped off the $0.4651 support level and broke above the $0.5178 resistance. It is currently attempting to flip the $0.6135 technical barrier into support. Closing a 4-hour candle above this level might send the price higher to $0.7045. However, a rejection at this level in the next 12 hours could push the price back to the $0.5178 mark.
Technical Analysis of Peanut the Squirrel
Technical indicators on the 4-hour chart suggest that the PNUT price might continue to increase over the next 24 hours. Both the RSI and MACD indicate bullish momentum. The MACD line moved above the signal line, indicating a recovery. The RSI readings are rising, showing increasing buyer strength.
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Peanut the Squirrel continues to attract investor attention with its price surge following the Coinbase listing. Technical indicators suggest potential further growth, while the new project Meme Index (MEMEX) provides innovative solutions for investors in the meme coin sector.
