{"id":598229,"date":"2024-11-14T15:21:44","date_gmt":"2024-11-14T15:21:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=598229"},"modified":"2024-11-14T15:21:44","modified_gmt":"2024-11-14T15:21:44","slug":"peanut-the-squirrel-price-soars-128-to-hit-2-billion-market-cap-as-pepe-unchained-presale-announces-launch-date-next-coinbase-listing","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/peanut-the-squirrel-price-soars-128-to-hit-2-billion-market-cap-as-pepe-unchained-presale-announces-launch-date-next-coinbase-listing","title":{"rendered":"Peanut The Squirrel Price Soars 128% To Hit $2 Billion Market Cap As Pepe Unchained Presale Announces Launch Date – Next Coinbase Listing?"},"content":{"rendered":"

The Peanut the Squirrel price soared 128% in the last 24 hours <\/span>to trade at $2.11<\/span><\/a> as of 02:33 a.m. EST on trading volume that skyrocketed 209% to $7 billion.<\/span><\/p>\n

The surge drove the PNUT market capitalization to more than $2 billion, locking in a new all-time high (ATH) at $2.44.<\/span><\/p>\n

Peanut The Squirrel Price On A Sustained Bullish Trend<\/h2>\n

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 <\/span>GeckoTerminal<\/span><\/a>. This support allowed the price of Peanut the Squirrel to soar through a parabolic curve, through a positive trajectory.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

If this momentum continues, the Peanut the Squirrel price may soar even higher above, as they aim for a new ATH at $3.0.<\/span><\/p>\n

\"Peanut
PNUTUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

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.<\/span><\/p>\n

Meanwhile, as the PNUT price soars, the <\/span>Pepe Unchained (PEPU)<\/span><\/a> 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.<\/span><\/p>\n

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.<\/span><\/p>\n