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The Peanut The Squirrel price plunged 37% in the last 24 hours to trade at $0.05963 as of 00:37 a.m. EST on trading volume that plunged 28% to $209 million.
This comes as Elon Musk continued to criticize the government after New York state officials euthanized Peanut, an internet-famous squirrel adored for his endearing antics.
“The government is a mindless and heartless killing machine,” said Musk on X.
The government is a mindless and heartless killing machine
— Elon Musk (@elonmusk) November 2, 2024
“President Donald Trump will save the squirrels,” he added, accompanied by a squirrel emoji, a crying face, and an image of Peanut perched lovingly on its owner’s back.
“If you strike me down, I will become more powerful than you could possibly imagine” Obi PNut Kenobi pic.twitter.com/dD2Xo0fSkr
— Elon Musk (@elonmusk) November 2, 2024
Peanut The Squirrel Price Could Still Soar
The Peanut The Squirrel price chart displays a consolidation phase after a strong initial surge, as the $0.13 resistance remains a challenge for the bulls, according to data from GeckoTerminal.
In this phase, price action moves sideways within a horizontal range, suggesting the market is pausing before potentially deciding on the next direction.
The highlighted yellow box represents a support zone that is currently holding up the Peanut the Squirrel price. PNUT now trades slightly below the 50-day Simple Moving Average (SMA), but within the sideways pattern.
The RSI is at 45.44, which is below the neutral 50 line, indicating a lack of strong momentum in either direction. This level suggests that the price is neither overbought nor oversold, leaving room for both upward and downward movement.
However, since RSI is closer to the lower end of the neutral zone, there could be potential for an upward move if buying volume increases.
According to the PNUT/USD 1 hr chart analysis, the Peanut the Squirrel price is on a bearish trend, as it moves towards the lower boundary of the sideways pattern. If this pressure from the bears is sustained, the price of Peanut Squirrel could plunge, with $0.045 acting as the next possible support level in the short term.
If the bulls gain control, PNUT could surge, leveraging the current sideways pattern. In this scenario, Peanut The Squirrel’s price might aim for $0.15 as bullish momentum builds.
Meanwhile, investors looking for alternative investment options may want to consider Crypto All-Stars (STARS), which prominent YouTuber ClayBro, with over 130K subscribers, says has the potential to soar 10X after its launch.
Crypto All-Stars Presale Zooms Past $3 Million – Best Crypto To Buy Now?
Crypto All-Stars ($STARS) has burst into November by blasting past the $3 million milestone in its ICO.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
C͏rypto All-S͏t͏a͏r͏s is a revolu͏t͏ion͏ar͏y project that allows investors to stake their meme coins on one platform for the first time and earn rewards in STARS.
It’s the breakthrough M͏emeVault eco͏syste͏m that makes this possible. After launch, 11 meme coins will be able to be staked on Crypto All-Stars: Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in the coming months.
You can also earn passively through the project’s native staking mechanism, which offers a huge 517% annual percentage yield (APY).
You can buy the token now for $0.0015432. But the price will increase in about two days, so act fast to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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