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The Peanut the Squirrel price soared 128% in the last 24 hours to trade at $2.11 as of 02:33 a.m. EST on trading volume that skyrocketed 209% to $7 billion.
The surge drove the PNUT market capitalization to more than $2 billion, locking in a new all-time high (ATH) at $2.44.
Peanut The Squirrel Price On A Sustained Bullish Trend
The Peanut the Squirrel price has been in a consolidation phase in November, with the $0.13 level offering formidable support, according to data from GeckoTerminal. This support allowed the price of Peanut the Squirrel to soar through a parabolic curve, through a positive trajectory.
PNUT now trades above the 50-day Simple Moving Averages (SMA), which is an indication that the price of Peanut the Squirrel may still be on a strong bullish trend.
Moreover, the Relative Strength Index (RSI) is moving up above the 70-overbought region, currently at 85, an indication that the asset is under intense buying pressure and is overvalued.
The Moving Average Convergence Divergence (MACD) also supports the bullish rally, as the blue MACD line crosses way above the orange signal line, forming a bullish crossover.
If this momentum continues, the Peanut the Squirrel price may soar even higher above, as they aim for a new ATH at $3.0.
As a result of the RSI being overextended, the bears may take this as a selling signal, which may push the price of Peanut the Squirrel back to the $1.5 level in the short term.
Meanwhile, as the PNUT price soars, the Pepe Unchained (PEPU) presale is another token on a tear after blasting past $29.6 million in funds raised, including $1.2 million from in just one day yesterday as whales made a big splash.
The excitement around the project is a key reason why YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to turn $1k to $10k after launch.
Pepe Unchained Closes On $30 Million – Last Chance To Buy
Pepe Unchained is a new meme coin that has its own Layer 2 blockchain, offering faster and more cost-effective transactions for Pepe ownership, with ambitions to become the top frog-themed meme coin after dethroning PEPE coin.
To succeed in this endeavor, the project aims to liberate Pepe from the limitations of his old, cumbersome Layer 1 server on Ethereum.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
The team has put in a timer on the presale, which now shows that the Pepe Unchained presale would end in less than 29 days with listings thereafter on tier 1 exchanges.
After Pepe exploded following its listing on Coinbase yesterday, it’s little wonder that investors are piling into PEPU, a meme coin that is a huge upgrade on its frog-themed rival and with sights set on listings on similar major exchanges.
We’ve been approached by several Tier 1 exchanges interested in $PEPU.
While this is an exciting opportunity that will boost visibility and liquidity, it also requires careful planning to ensure the best possible launch.
— Pepe Unchained (@pepe_unchained) September 18, 2024
Token holders can also earn passively through the platform’s staking system, which offers a huge annual percentage yield (APY) of 86%.
You can buy $PEPU tokens for $0.0128 each using ETH, USDT, or a bank card.
To join the biggest presale of the year before it’s too late, buy $PEPU tokens from the official website here .
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