{"id":630818,"date":"2025-02-27T04:15:07","date_gmt":"2025-02-27T04:15:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=630818"},"modified":"2025-02-27T04:15:07","modified_gmt":"2025-02-27T04:15:07","slug":"peanut-the-squirrel-price-prediction-pnut-soars-43-in-a-week-but-investors-flock-to-this-3-8m-ico-for-diversified-meme-coin-exposure","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/press-releases\/peanut-the-squirrel-price-prediction-pnut-soars-43-in-a-week-but-investors-flock-to-this-3-8m-ico-for-diversified-meme-coin-exposure","title":{"rendered":"Peanut The Squirrel Price Prediction: PNUT Soars 43% In A Week, But Investors Flock To This $3.8M ICO For Diversified Meme Coin Exposure"},"content":{"rendered":"

The Peanut the Squirrel price is up over 43% in the last week after a 4% 24-hour pump to trade at $0.2016 as of 10:39 p.m. EST as investors rapidly accumulate the meme coin.<\/span><\/p>\n

Despite the positive weekly and daily performances, zooming out to the monthly time frame shows that the PNUT price is still down more than 24%.<\/span><\/p>\n

Peanut The Squirrel Price Forms A Bullish Channel<\/span><\/h2>\n

\"PNUT<\/p>\n

4-hour chart for PNUT\/USD (Source: <\/span>Geck<\/span>oTerm<\/span>i<\/span>nal<\/span>)<\/span><\/p>\n

The Peanut the Squirrel price has posted a couple of higher highs and higher lows on the 4-hour chart, resulting in the formation of a positive channel, according to data from <\/span>GeckoTerminal<\/span><\/a>. Should the <\/span>meme coin<\/span><\/a> continue to trade within this ascending range, it could soon flip the resistance level at $0.2066 into support and rise to as high as $0.2377.<\/span><\/p>\n

On the other hand, a sudden selloff due to profit-taking or a change in the overall market might lead to the Peanut the Squirrel price falling out below the lower boundary of the ascending price channel. This could then expose the <\/span>meme coin<\/span><\/a> to the risk of plunging to the immediate support at $0.1754. In an extreme bearish case, PNUT might even plunge to as low as $0.1410.<\/span><\/p>\n

Sellers Are Slowly Starting To Chip Away At Buyers’ Hold On The Peanut The Squirrel Price<\/span><\/h2>\n

Looking at technical indicators on PNUT’s 4-hour chart, there are warning signs that suggest the Peanut the Squirrel price might pullback soon. More specifically, indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Peanut the Squirrel price could undergo a correction soon.<\/span><\/p>\n

RSI readings have stalled in the low 60s. While the latest value above 50 suggests buyers are currently stronger than sellers, the leveling off of the RSI and the negative slope of the indicator warn that sellers might soon take back control of the Peanut the Squirrel price.<\/span><\/p>\n

Supporting the warning presented by the RSI on the 4-hour chart is the narrowing gap between the MACD and MACD Signal lines. The former is currently positioned above the latter, which is usually seen as an indication that a crypto is in a positive trend. However, the shrinking margin between the two lines could be followed by a bearish trend reversal in the short term.<\/span><\/p>\n

As the Peanut the Squirrel price tries to keep its bullish move going, investors are also piling into the presale for a new meme coin rival called <\/span>Meme Index (MEMEX)<\/span><\/a> for diversified meme coin exposure. <\/span><\/p>\n