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

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.

user avatarMaria Fernandez

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

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.