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The Justice For Pnut And Fred price has soared 369% in the last 24 hours to trade at $0.162 as of 9:35 a.m. EST on a 28% pump in trading volume to $29 million.
The surge in the JUSTICE price comes as Mark Longo, the owner of Peanut the Squirrel, announced plans to sue PNUT token holders for alleged copyright infringement while launching his own protest JUSTICE meme coin.
Is this the end of $PNUT?
The owner of Peanut (@Squirrel_Dad12) has launched his own coin $JUSTICE (For Pnut and Fred) as his own project, while denouncing $PNUT.
Currently JUSTICE is surging to a $13m mc while the original PNUT has been on a steady decline since peaking after… pic.twitter.com/ecFJTBISK0
— Ely (@ProofOfEly) November 25, 2024
Longo accused the PNUT community of exploiting his pet’s story after New York authorities euthanized his squirrel Peanut, as well as Fred the Raccoon, following an incident when Peanut bit an officer.
Justice For Pnut And Fred Price Continues The Uptrend
The JUSTICE/USD trading pair shows a strong upward trend within a defined bullish channel. The current price is $0.1085, representing a 9.88% decline after reaching a recent high near $0.12. The channel demonstrates steady upward momentum, with the lower boundary around $0.1080 acting as immediate support.
Below this, key psychological support lies near $0.0795, which aligns with the 50-period moving average. On the upside, resistance is seen at $0.12, and a breakout above this level could propel the price toward $0.13.
JUSTICE/USD Analysis Source: Dextools.io
The MACD indicator indicates that bullish momentum is waning. The MACD line (0.0136) is still above the signal line (0.0172), but the histogram indicates a weakening trend. A bearish crossover might be imminent, signalling a potential short-term price correction.
The RSI, currently at 51.22, reflects neutral conditions but has dropped significantly from earlier overbought levels, further supporting the possibility of a pullback.
Despite the current dip, the price remains within the bullish channel, indicating buyers are still in control. However, if the price breaks below $0.1080, it could signal a deeper correction toward $0.0795.
Traders could consider entering a long position near $0.1080, targeting $0.12 and $0.13, with a stop-loss below the channel at $0.1060.
Alternatively, a short position might be viable if the price breaks below $0.1080 and the MACD confirms a bearish crossover with a target of $0.0795.
Last Chance To Buy As Pepe Unchained Presale Blasts Past $51 Million
Meanwhile, investors are rushing to buy the new layer 2 meme coin Pepe Unchained (PEPU), which has raised over $51 million in its presale, which has less than 18 days left.
99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says PEPU could surge 100X when it launches.
Pepe Unchained is here to give the original Pepe meme coin a new life. The project aims to “unchain” PEPE from the clunky, slow, expensive Ethereum blockchain.
That’s why Pepe Unchained has its own Layer 2 network that’s faster, cheaper, and more efficient
The Pepe Unchained Layer 2 solution has passed all audit checks ahead of schedule, paving the way for its launch after the presale closes.
Whales Scoop Up PEPU Tokens That Offer 64% Staking APY
Whales have been actively purchasing PEPU tokens, fueling the growing excitement around the project.
Whale investors and others can earn an impressive 64% annual percentage yield (APY) on staked PEPU tokens.
POV: Pepe is visualizing breaking his chains and getting swole doing it!
It's only a matter of time now.. 🐸⛓🧠 pic.twitter.com/KZSq5KDdn1
— Pepe Unchained (@pepe_unchained) November 24, 2024
Some analysts are speculating that PEPU, the most successful presale of the year, is a prime candidate to win a coveted listing on Coinbase, Binance, or both. When PEPE listed on Coinbase and Robinhood recently, its price went into orbit.
You can still purchase PEPU tokens for $0.01295 each before the presale ends.
Visit the official website and buy PEPU using ETH, USDT, or a bank card.
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