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Pnut

PNUT/USDT is Dead ? PNUT/USDT is currently trading within a well-defined descending channel. The price action indicates a consistent downtrend with lower highs and lower lows. Fibonacci retracement levels and triangle patterns provide clues to possible price movement in the short to medium term. Key Analysis: Descending Channel: The price is moving inside a downward-sloping channel. The green lines highlight the upper resistance and lower support. This channel has dictated the overall bearish trend so far. Fibonacci Levels: Key Fibonacci levels such as 0.618 ($0.542) and 1.618 ($0.334) are critical areas of support. If the price breaks below $0.334, it may continue toward $0.28 or $0.12 (2.618 Fibonacci). Triangle Pattern: A triangle pattern is forming in the lower range, suggesting price consolidation. A breakout above the triangle could lead to a reversal toward $0.47 (Channel Resistance) or higher. A breakdown below the triangle may trigger further downside, confirming the continuation of the bearish trend. Potential Rebound Areas: Immediate resistance lies at $0.47, aligning with the upper Fibonacci retracement. If momentum builds, further targets could be $0.50 or $0.63 (0.382 Fibonacci). Trading Plan: Bullish Scenario: Look for a breakout above the triangle and channel resistance, targeting $0.47 and higher levels like $0.50. Use $0.334 as a critical support level to manage risk. Bearish Scenario: If the price breaks below $0.334, consider shorting with targets around $0.28 or $0.12. Ensure to set stop-loss above $0.40 to mitigate risks. Conclusion: PNUT/USDT is at a pivotal level. Traders should monitor the triangle breakout closely. Fibonacci levels and descending channel boundaries provide strong guidance for trade entries and exits. What’s your view on PNUT/USDT? Feel free to share your thoughts and feedback below! 🚀📉
Long
by Surrendgods
2
PNUT buy/long setup (12H)We previously identified PNUT's fluctuations effectively. Based on recent data, it’s better to expand the PNUT pattern and classify it under a larger Triangle or Diametric structure. We are again looking for buy/long positions around the green zone. This is a strong origin kink. Targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this view. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Just In: Coinbase Adds PNUT Meme Coin on Solana NetworkCoinbase has officially announced the listing of Peanut the Squirrel (PNUT), a Solana-based meme coin, for trading on January 14, 2025. The news has already sparked a 10% price surge for PNUT, though the token still trades below its all-time high. Let’s delve into the technical and fundamental aspects surrounding this development. Key Highlights 1. Coinbase Listing Details: - PNUT-USD trading pair launches on January 14, 2025, at 9:00 AM PT. - Token transfers for PNUT are live on Coinbase and Coinbase Exchange. - Trading will be rolled out in phases based on liquidity conditions. 2. Immediate Market Reaction: - PNUT’s price rose from $0.48 to $0.59, a 10% increase. - Trading volume surged over 107%, reaching $431.71 million. - Despite the rebound, PNUT remains 79% below its all-time high of $2.47, recorded in November 2024. 3. Historical Context and Legal Challenges: - PNUT originated in late 2024 following the controversial euthanasia of a pet squirrel named Peanut, which galvanized community support. - Legal disputes have since arisen, with Mark Longo, Peanut’s owner, suing Binance for alleged unauthorized intellectual property usage to promote the coin. Technical Analysis From a technical perspective, PNUT exhibits strong potential for further gains: PNUT’s recent price action forms a bullish engulfing pattern, signalling a potential upward trend. The Relative Strength Index (RSI) indicates that PNUT is not yet overbought, providing room for further price growth. Immediate support lies at the one-month low axis, providing a safety net in case of a pullback. The next resistance point aligns with the 38.2% Fibonacci retracement level, which traders are eyeing for a potential breakout. PNUT’s unique narrative and community support position it as a potential standout in the meme coin category. The Coinbase listing, coupled with strong technical indicators, creates a favorable environment for a potential rally toward $1 and beyond. Conclusion The listing of PNUT on Coinbase marks a pivotal moment for the Solana-based meme coin. With a bullish technical setup and growing community support, PNUT is well-positioned to capitalize on its newfound exposure. However, investors should remain cautious of potential legal and market risks. As the crypto industry evolves, PNUT’s journey underscores the power of community-driven innovation and the unpredictable nature of meme coins. Stay tuned for more updates as PNUT’s story unfolds in the coming weeks.
Long
by DEXWireNews
PNUT ANALYSIS (4H)It seems that the correction for PNUT has started from the point where we placed the red arrow on the chart. This correction appears to be a complex pattern, such as a diametric or symmetrical formation. Wave C is expected to complete within the green zone, after which the price will likely enter Wave D. We are looking for buy/long positions within the green zone. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Pnut/UsdtBINANCE:PNUTUSDT "$Pnut is currently priced at 0.7032, but the resistance levels are pretty close—around 0.7545, 0.8433, and 0.9345. 🚧 What that means is that the price is likely to face some strong pushback when it tries to go higher, so don’t expect a massive surge in the short term. ⚠️ If you’re holding $Pnut right now, I’d be careful. 💭 I wouldn't recommend holding it at these levels for too long because it could potentially retrace. Instead, you might want to keep an eye on the support levels, which are at 0.600 and 0.0600. 🛑 If the price drops towards those areas, it could be a good spot to watch for a possible bounce or buy opportunity. 📊 Just a reminder—this isn't financial advice, just sharing my observations. 💡"
Long
by Wolftrader1337
PNUT Double Bottom Signal The $PNUT Peanut the Squirrel token did a whooping 70% correction It even broke GP. Thanks to BTC it had a role to play in this too. But huge support held PNUT at $59 - $0.61 . A clear and obvious Double Bottom has appeared in the chart . This is a bullish signal , which means PNUT is ready to go back up. I am holding from $0.61. The blue-line support-turned-resistance line needs to be broken. See target and resistance levels expected on the chart. Goodluck. BTC is again crucial for this momentum to continue . Correct me if i'm wrong. Like if you disagree. Comment if you agree 👍
Long
by CryptonKidd
PNUT - LONG - Re-entry*This is a re-entry of my other idea. This trade is quite risky so you should not use too much capital. I even think about closing at target 1 if I see a lot of resistance. Now we do have a better opportunity to enter (see related publications). We are in a good place to resume and make a reentry of the previous trade. Until it breaks 1.18 or 1.20, it could remain bearish down to 1.0. So, it’s just speculation right now, but my target is 1.38, where I would take a partial profit of 50% or 75%, or close the position if there is a lot of rejection. But I plan to protect it soon, if it breaks 1.14. Still, nothing is certain yet, it remains bearish. So we have to be very careful. Targets: T1: 1.38 T2: 1.55 Stops: 0.98 (4 hours) 0.95 (swing/days)
Long
by leonardobarriosr69
HolderStat | The best meme from top 100🔥 During the recent market dip, BRETT emerged as the top-performing memecoin, supported by BASE's impressive network development progress. The price has only just returned to a key resistance level first reached in June, suggesting there’s still room for further growth. 📉 FLOKI, BRETT's closest competitor, maintains an edge with a stronger Volume/MarketCap ratio and listings on all major exchanges. However, trading volumes for FLOKI have dropped significantly, and its price chart shows weaker momentum compared to BRETT. _____________________ 📊 Want more useful analytics? Like and subscribe to stay up to date with the most relevant trading ideas! Always DYOR! 🔬
Long
by HolderStat
4
PNUT | I'm Not Convinced That The Decline Is OverConsolidation and upward movement after the decline, nice but very visible. After this point, I expect another downward movement and come to the blue box below. Of course, I will not take short trades, in fact, I can take trades with 5-minute upward breaks in the first blue box, but my general expectation is a little puncture in the blue box below and then very fast and sudden increases. My Previous Ideas DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it. RENDERUSDT.P | HTF Accuracy ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Long
by XU99