{"id":597556,"date":"2024-11-13T08:41:13","date_gmt":"2024-11-13T08:41:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=597556"},"modified":"2024-11-13T08:41:13","modified_gmt":"2024-11-13T08:41:13","slug":"is-it-too-late-to-buy-pnut-peanut-the-squirrel-price-soars-95-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-pnut-peanut-the-squirrel-price-soars-95-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy PNUT? Peanut The Squirrel Price Soars 95% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The Peanut the Squirrel price soared 95% in the last 24 hours to trade at $0.8197 as of 11:43 a.m. EST on trading volume that jumped 9% to $1.5 billion, according to <\/span>CoinGecko<\/span><\/a>.<\/span><\/p>\n

This comes as Chemung County official Chris Moss announced that a rabies test on a euthanized pet squirrel called Peanut was negative. Peanut went viral on social media after being seized by local officials in the US amid suspicions it might have rabies.<\/span><\/p>\n

Peanut the Squirrel Price Could Continue Soaring<\/h2>\n

According to the PNUT\/USDT chart analysis on the 4-hour timeframe, the Peanut the Squirrel price sustained a rally in November, shown by the parabolic curve within the $0.095 support zone. After the surge, the price went through a period of consolidation from November 11, forming the yellow rectangle pattern within the $0.45 level.<\/span><\/p>\n

The bulls have capitalized on this consolidation phase, gaining control of the price of Peanut the Squirrel.<\/span><\/p>\n

The PNUT price now trades above the 50-day Simple Moving Average (SMA), which confirms the continued surge.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is also soaring past the 70-overbought region, currently at 85, indicating that the Peanut the Squirrel price is under intense buying pressure.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) is also supporting the general bullish stance, as the blue MACD line crosses above the orange signal line.<\/span><\/p>\n

If this momentum continues, the Peanut the Squirrel price could soar even higher, as the bulls target $1.50 in the short term.<\/span><\/p>\n

\"Is
Is It Too Late To Buy PNUT? Peanut the Squirrel Price Soars 95% And This Might Be The Next Crypto To Explode<\/figcaption><\/figure>\n

However, the RSI now shows that the asset is overextended and overvalued, which may be a signal that the bears may prompt a selling spree to take in profits. If this happens, the price of Peanut the Squirrel could plunge, with the support zone around $0.40 being the next possible zone of retreat. <\/span><\/p>\n

Meanwhile, investors seeking alternative options might consider Crypto All-Stars (STARS)<\/a>, an innovative ICO that has already raised over $3.5 million.<\/p>\n

According to the prominent YouTube channel 99Bitcoins, with 706K subscribers, it has the potential to soar 100X post-launch.<\/p>\n