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The Peanut The Squirrel price has soared 251% in the last 24 hours to trade at $0.3623 as of 3:15 a.m. EST on a 571% pump in trading volume to $367K.
The PNUT token was launched after Department of Environmental Conservation officers in the US raided Mark Longo’s home to seize a pet squirrel named Peanut.
Peanut was already known online via cute videos and posts of the squirrel. When it was euthanized, Peanut went viral on social media.
Make sure everyone you know hears the story of Peanut the squirrel and Fred the raccoon. The Democrats went too far this time. They raided this man because a hater reported them for having these pets. New York stole the animals and KILLED them. This is the Democrat Party. pic.twitter.com/e5A9jkbLiS
— Robby Starbuck (@robbystarbuck) November 2, 2024
The crypto community swiftly reacted by launching PNUT, a meme coin dedicated to the late, beloved squirrel.
Peanut The Squirrel Price Explodes
The Pnut/USD pair on the 1-hour timeframe shows a notable price increase following a period of consolidation, marked by low volatility around the $0.1 level. This consolidation phase, which lasted for several days, indicated a balance between buying and selling pressure.
On November 10, the price broke out of this range, signaling a shift in momentum as buying pressure increased. Following this breakout, the price spiked dramatically, reaching a peak of approximately $0.45 before pulling back slightly to around $0.3812. This sharp rise is typically a sign of intensified demand, possibly driven by external factors like news, market sentiment, or speculative interest.
PNUTUSD Analysis Source: Dextools.io
The 50-period and 200-period simple moving averages are currently well above both levels. The 50 SMA is around $0.1195, and the 200 SMA is around $0.0955. Both serve as potential support levels if the price retraces.
Additionally, the MACD indicator shows a bullish crossover, with the MACD line at 0.0317 above the signal line at 0.0318. This gap between the two lines highlights strong upward momentum and sustained buying pressure for the Peanut The Squirrel price following the breakout.
However, the RSI, currently at 88.06, indicates that Pnut/USD is in overbought territory. An RSI above 70 often suggests that the asset is overextended, and at 88.06, it may be due for a pullback or consolidation.
While indicators like the MACD and moving averages support a bullish trend, the high RSI level warns that a cooling off or retracement period might be necessary before the price can push upward.
Flockerz Presale Closes On $1.5 Million – Next Crypto To Explode?
As the Peanut The Squirrel price continues its bullish momentum, so does Flockerz (FLOCK), a vote-to-earn (V2E) project that has already raised more than $1.46 million in its presale.
The popular YouTube channel 99Bitcoins, with over 706K subscribers, predicts FLOCK could see 100x growth following its launch.
Flockerz stands out in the meme coin space by enabling its community, “The Flock,” to shape the project’s direction. Put simply, its token holders are rewarded with FLOCK tokens every time they vote on decisions.
At the heart of Flockerz is FlockTopia, the platform that ensures every token holder can make their voice heard.
In addition to V2E rewards, FLOCK provides a huge 1,201% annual return for staking.
VoteBae cooks up only the most delicious meals for the flock 🤑🐦 pic.twitter.com/s4l9B23X1Z
— Flockerz (@FlockerzToken) November 9, 2024
Join the presale by purchasing FLOCK tokens on the official website for $0.005981 each using BNB, ETH, USDT, or a bank card.
But you must buy soon to secure the best deal because the price will increase in less than 22 hours.
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