Peanut The Squirrel Price Soars 20%

user avatar

by Giorgi Kostiuk

2 years ago

Peanut The Squirrel experienced a significant price surge following its listing on Coinbase.

Peanut The Squirrel Price Surge

In the last 24 hours, the price of Peanut The Squirrel soared over 20% to trade at $1.27 as of 9:55 p.m. EST. This increase follows Coinbase's announcement to list the meme coin.

Loss of Support at $1.3172

According to GeckoTerminal data, Peanut The Squirrel's price dropped below the $1.3172 support level. This indicates a risk of correction down to $1.1431. Continued bearish pressure could further lead the price down to $0.9600. However, if the price reclaims the $1.3172 support within the next 12 hours, it might attempt to convert the resistance at $1.4824 into support.

Technical Analysis and Forecast

Technical indicators on PNUT's 4-hour chart suggest a weakening bullish momentum following the recent rally. The Relative Strength Index (RSI) readings have started to decline, indicating waning buyer strength. Additionally, the MACD line is approaching the MACD Signal line, which could suggest an imminent bearish trend reversal.

Despite the recent surge, technical indicators highlight a potential weakening in the upward trend, creating uncertainty over Peanut The Squirrel's future price movements.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

IonQ Launches Superion 256 Quantum Computer with Orders Open for 2027 Delivery

chest

IonQ has launched its Superion 256 quantum computer, opening orders for delivery in 2027.

user avatarKaterina Papadopoulou

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

Brent Crude Surpasses $100 Amid Geopolitical Tensions

chest

Brent crude oil prices rose above $100 for the first time in six weeks due to geopolitical tensions, including attacks on Saudi oil facilities and US military responses.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.