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The Peanut the Squirrel price surged 30% in the last 24 hours to trade at $0.5058 as of 02:27 a.m. EST on trading volume that skyrocketed 218% to $1.1 billion, according to CoinGecko.
This comes as Binance announced the listing of PNUT with trading getting underway on Nov. 11 at 10:00 UTC.
#Binance will list Act I : The AI Prophecy $ACT and Peanut the Squirrel $PNUT with Seed Tag Applied.
Read more 👉 https://t.co/CmJRyTaS8I pic.twitter.com/1XHISDTOY9
— Binance (@binance) November 11, 2024
Peanut the Squirrel Price On A Sustained Bullish Trend
From the beginning of November, the Peanut the Squirrel price was trading under the $0.14 resistance, which now acts as a strong support level. The Binance listing pushed the price to as high as the $0.50 resistance, forming a rounding bottom pattern within this level.
The follow through after the pattern suggests that the price of Peanut The Squirrel is on a sustained bullish trend, which the bulls aim to continue.
As a result, the PNUT price now trades gracefully above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the positive trajectory.
The Relative Strength Index (RSI) (14) is currently at 71.33, which places it in the overbought territory (above 70). This high RSI reading signals that the asset is under intense buying pressure, and may be due for a short-term pullback or consolidation.
While overbought RSI levels can indicate exhaustion, in strong uptrends, RSI can remain elevated for extended periods, showing sustained buying pressure.
Meanwhile, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange) which signifies a bullish crossover. The green bars on the histogram are also beginning to form, which may suggest incoming positive momentum to the upside.
PNUTUSDT Chart Analysis (Source: Tradingview)
Peanut the Squirrel Price Prediction
According to the PNUT/USDT chart analysis on the 1-hour timeframe, the Peanut the Squirrel price is currently bullish, with major indicators, including the RSI and the MACD, showing that this trend could continue.
If the bulls keep pushing the price up, the price of Peanut the Squirrel could soar even higher, as they target the projected 37.94% to the $0.70 level.
The RSI being on the overbought region could indicate that PNUT is currently overvalued ab=nd may be due for a correction. In this scenario, the Peanut the Squirrel price could plunge to the $0.33 support zone.
As the Peanut the Squirrel price soars, investors seeking other opportunities might want to consider a new PolitiFi meme coin called FreeDum Fighters ($DUM).
This new project has just blasted past $470k in funds raised and influential YouTuber Jacob Bury, with over 43k subscribers, says DUM might surge 10X when it launches.
FreeDum Fighters Presale – Next Crypto To Explode?
FreeDum Fighters ($DUM) is a politically themed meme coin that gamifies the just concluded US election by allowing users to support fictional candidates through token staking.
The candidates are MAGATRON, a mechanized version of the president-elect Donald Trump, and Kamacop 9000, representing Vice President Kamala Harris.
Ready for this year's elections?
Get involved early by joining the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Cast your vote by participating in the $DUM presale and using their stake-to-vote system 🗳️
Be sure to follow this project, you will not regret it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Red (@Redlion35) October 17, 2024
When investors buy DUM, they are asked to vote (stake) for either the passionately patriotic Magatron or the trailblazing feminist Kamacop
Those who vote (stake) for MAGATRON are offered a huge annual staking yield of 267%, while those who vote (stake) for the trailblazing feminist Kamacop 9000 are offered a stratospheric 678% return.
🚨 PATRIOTS NEEDED 🚨
Ready to pick sides in the showdown of the century—MAGATRON vs. Kamacop 9000? 🤖
Here’s your mission:
🇺🇸 Follow @Freedum_Fighter, like & comment our pinned tweet.
🇺🇸 Post a tweet which side you choose Magatron or Kamacop, tag friends that you think will… pic.twitter.com/zJ5z7w837J— FreeDum Fighters (@Freedum_Fighter) October 17, 2024
The staking rewards show that DUM investors favor Trump by 66% to only 34% for Harris.
Visit the official FreeDum Fighters website to buy $DUM tokens here using ETH, BNB, USDT, USDC, or SOL, with each token worth $0.000075.
Buy before a price hike in slightly more than a day.
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