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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

US Treasury Acts Against MEXC Global for Illegal Transactions.

The US Treasury's FinCEN has issued a measure prohibiting US financial institutions from processing transfers involving MEXC Global due to $16 billion in illicit transactions linked to sanctions evasion and cybercrime.

user avatarSatoshi Nakamura

Yaroch's Theft Compromises Investigations and Raises Security Concerns

Yaroch's fraudulent activities compromised investigations and raised security concerns regarding cryptocurrency managed by government agencies.

user avatarJesper Sørensen

Former FBI Agent Admits to Stealing $25 Million in Cryptocurrency

Former FBI agent Patrick Steven Yaroch pleaded guilty to stealing nearly $25 million in cryptocurrency from federal investigations, compromising sensitive operations.

user avatarRajesh Kumar

Labor Department Submits Crypto Retirement Rule for Review

The Labor Department's proposal includes guidelines for evaluating cryptocurrencies as investment options.

user avatarLucas Weissmann

Political Opposition to Crypto in Retirement Plans

Lawmakers express concerns over the risks of including cryptocurrencies in retirement savings.

user avatarEmily Carter

Trump Administration Proposes Crypto Inclusion in Retirement Plans

The US Department of Labor has proposed a regulatory framework to include cryptocurrencies in 401k plans, potentially opening a $10 trillion retirement market, pending White House approval.

user avatarFilippo Romano

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.