Pnut
PNUT - Strong Support - LONG - 4 hour*This is a new setup, better confirmed but very risky with a very tight stop. Be careful.
We are at a strong support level. Get ready for a significant move. If BTC doesn't have an impact, we could reach a favorable price level.
T1: 1.18 - 1.20 (protect trade) - 4 hour
T2: 1.35 (partial or close) - 4 hour
T3: 1.50 (close) - daily
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.
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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
"Peanut The Squirrel" PNUT price analysis🤪 It's too early for $PNUT lovers to relax their “peanuts”)
Until the OKX:PNUTUSDT price is firmly above $1.30, the downward trend will continue.
📉 And the price of #PeanutTheSquirrel can fall in the range of $0.60-0.65, please consider this our assumption in your risk management
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PNUT - Strong Support - LONG We are at a strong support level. Get ready for a significant move. If BTC doesn't have an impact, we could reach a favorable price level.
T1: 1.18 - 1.20 (protect trade) - 4 hour
T2: 1.35 (partial or close) - 4 hour
T2: 1.50 (close) - daily
Stoploss: 0.85 (4 hour) or 0.75 (daily)
PNUT - Strong Support - LONGWe are at a strong support level. Get ready for a significant move. If BTC doesn't have an impact, we could reach a favorable price level.
T1: 1.18 - 1.20 (protect trade) - 4 hour
T2: 1.35 (partial or close) - 4 hour
T3: 1.50 (close) - daily
Stoploss: 0.85 (4 hour) or 0.75 (daily)
Peanut the Squirrel | Forget Dogs, It's Squirrel Season!Wen Squirrels Take Over Binance: The Rise of 'Peanut' in the Crypto Jungle
Binance’s listing approach continues to surprise, recently bypassing several billion dollar meme coins in favor of two niche, lowcap tokens.the latest additions, “Peanut the Squirrel” and “Act I: The AI Prophecy”, have seen substantial growth post listing.
Could this indicate that Binance plans to list more meme coins as the current bull market continues?
Binance Listing Fees Drama
Listing on Binance is typically costly, yet the major crypto exchange has waived fees for PNUT and ACT, simplifying the process for new projects. Co founder Yi He disclosed on X that the listings were free for both tokens, shortly after a debate on the platform where he was accused of charging excessively for listings. The free listings came as a surprise to the market!
Before their listings, PNUT’s market cap was $123 million, while ACT’s was only $20 million. In choosing these tokens, Binance passed over larger-cap alternatives. In September, it similarly opted for the lower-cap "First Neiro On Ethereum" over the more established "Neiro Ethereum," citing a preference for community-driven, organic projects.
Since their listings, both PNUT and ACT have experienced rapid price increases. Peanut the Squirrel’s price is currently $0.83, an 90% gain over the past 24 hours. Its all time high of $0.90 was reached on November 13, 2024, putting it just 5% below that peak. With a circulating and max supply of 999.86 million tokens, PNUT’s trading volume over the past 24 hours is $1.27 billion, making Binance its most active exchange. It holds 0.03% of the total crypto market, with a market cap of $804.81 million.
#PNUT/USDT Ready to go up#PNUT
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 1.126
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 1.17
First target 1.21
Second target 1.26
Third target 1.31
Is #PNUT About to Skyrocket or Fall? Massive Bullish MomentumYello, Paradisers! Has #PNUTUSDT truly broken free or is this just another fakeout? Let's see the latest analysis of #PeanuttheSquirrel:
💎#PNUT has managed to break out of its falling wedge pattern—a promising bullish signal—fueled by a strong bounce off the critical demand zone at $1.06. However, caution is still warranted as there’s a significant possibility of a retest of this key support zone before the next move unfolds.
💎The immediate focus now shifts to the minor resistance level at $1.41, a crucial barrier that the bulls must overcome. If the price manages to push through this level with rising volume and support from the 50EMA, it could confirm that bullish momentum is taking over. This would set the stage for a potential rally, but the breakout must be decisive to sustain the momentum.
💎On the flip side, if buyers lose steam, a pullback could bring the price back to the breakout zone or even revisit the demand area at $1.06. If this support fails to hold, the next major level to watch is $0.995. A break below $0.995 could hand control back to the bears, leading to a deeper correction and dampening any immediate bullish outlook.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Faling Wedge $PNUT major breakout ahead?!PNUT is gaining momentum by accumalation. Since it's all time high it has set of in a downtrend and lost 52% of the ATH price. An easy gain of 100% if the ATH gets reached again.
The Faling wedge is a bullisch pattern that in most cases breaks out to the upside. On the lower timeframe we can identify a bottom and that could suggest that the break out is getting fuel for it's momentum.
As long as BTC dominance is high we can see some more accumulation but that's just fine for the extra power in the way up.
You can trade the FW on breakout and retest. The breakout preferably has larger volume then the last average volume. The second green candle after the retest is you signal to buy. Check this retest and confirmation on de the lower time frames so you'r not missing the sweetspot.
If traded with leverage place a SL just a bit below the former low.
Phemex Analysis #37: PNUT's Nutty Rally _ Can it Continue?PNUT, the aptly named "Peanut the Squirrel" coin, has taken the cryptocurrency world by storm. Launched on November 4th, 2024, PNUT has experienced a staggering 4659% rise, soaring from its initial price of $0.0521 to a staggering high of $2.431 on November 14th. This phenomenal growth has captivated investors and sparked speculation about the coin's future trajectory.
Possible Scenarios: Breaking Nuts or Bust?
Breakout Rise:
If the bullish momentum continues, PNUT could attempt to break through the current resistance level at $1.65. A successful breakout could pave the way for further upward climbs, potentially challenging previous highs at $1.87 and $2.20, or even establishing a new all-time high.
Indicators to Watch: Strong buying volume, positive social media sentiment, and continued media attention could be catalysts for a breakout.
Bearish Drop:
Despite the recent surge, it's important to remain cautious. The cryptocurrency market is notoriously volatile, and a correction could be on the horizon. If the price falls below the $1.26 support level, it could encounter further downward pressure, potentially reaching the $0.843 support level or even the $0.42 support level.
Indicators to Watch: A decline in trading volume, negative social media sentiment, and broader market weakness could trigger a pullback.
Trading Strategies
For Bullish Investors:
Buy Order: Consider a buy order when price breakout above $1.65 with strong volume.
Stop-Loss: Set a stop-loss order below a key support level, such as $1.26, to limit potential losses.
Take-Profit: Determine a take-profit target based on your risk tolerance and desired profit margin.
For Bearish Investors:
Sell Order: Consider a short-sell order if the price breaks below the current support level ($1.26) and bearish indicators emerge.
Stop-Loss: Set a stop-loss order above a key resistance level, such as $1.48, to limit potential losses if the price rallies unexpectedly.
Take-Profit: Determine a take-profit target based on your risk tolerance and desired profit margin
Conclusion
PNUT's recent performance has been nothing short of extraordinary. However, it's crucial to remember that the cryptocurrency market is unpredictable. By understanding the potential scenarios and implementing effective risk management strategies, investors can navigate the volatility and potentially capitalize on PNUT's future movements.
Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
PNUT Memecoin Has Surged by Over 1400% in a WeekThe crypto space is no stranger to meteoric rises, but the emergence of $PNUT has left the market buzzing. With a jaw-dropping 1400% increase in value in just one week, this memecoin has skyrocketed to the forefront of the industry, boasting a market cap of over $1 billion. In just two weeks since its launch, PNUT has cemented its place among the top 100 cryptocurrencies.
A Heartfelt Tribute: The Story Behind PNUT
PNUT isn't just another memecoin—it carries a poignant story that has captured the imagination of crypto enthusiasts and beyond. The coin was created in memory of Peanut the Squirrel, a beloved animal companion who, along with Fred the raccoon, was taken from his owner, Mark Longo, and tragically euthanized.
The story gained widespread attention when Elon Musk shared it on X (formerly Twitter), sparking a wave of sympathy and interest. Musk’s post acted as a catalyst, amplifying PNUT's visibility and driving its adoption across the crypto community.
The Binance Listing: A Game-Changer
Another pivotal moment in PNUT’s meteoric rise was its listing on Binance, one of the world’s largest cryptocurrency exchanges. The listing brought PNUT to a global audience, making it accessible to millions of traders and investors.
Technical Analysis
At the time of writing, PNUT is up 3.18%, trading within a symmetrical pattern that suggests potential for further growth. The next significant resistance level lies at the $2.35 pivot, which traders are eyeing closely.
PNUT has held steady at the $1.6 support, a key level that reflects strong buying interest and resistance to bearish pressure. The Relative Strength Index (RSI) indicates robust market momentum, signaling that PNUT is maintaining its bullish trajectory despite minor corrections.
With the current momentum and meta surrounding its story, some traders are setting ambitious targets of $5, although achieving this level would require sustained buying pressure and market sentiment.
Beyond a Memecoin: The PNUT Movement
While $PNUT began as a memecoin, it has quickly evolved into a symbol of community and shared values. Its rise highlights the power of storytelling in the crypto world, where narratives can drive both emotional and financial investment.
The coin’s unique origin, combined with strong technical performance and high-profile endorsements, has positioned it as more than just a fleeting trend. PNUT’s ascent underscores the potential for memecoins to transcend their playful beginnings and achieve lasting impact in the crypto ecosystem.
The Road Ahead for PNUT
As PNUT continues to gain traction, it faces the challenge of maintaining its momentum. Key factors to watch include:
- Sustained community engagement: The coin’s success hinges on its ability to keep its story and purpose alive in the public eye.
- Market developments: Listings on additional exchanges and partnerships could further boost PNUT’s visibility and adoption.
- Broader crypto trends: As the market evolves, PNUT’s price movement will likely reflect broader sentiment and investor appetite.
Conclusion
PNUT's rise is a testament to the unpredictable nature of the crypto market. From its heartfelt origin story to its remarkable technical performance, $PNUT has captivated a global audience and redefined what a memecoin can achieve.
Whether it reaches the ambitious $5 target or stabilizes at current levels, one thing is certain: PNUT has made its mark on the crypto world, proving that even the smallest stories can spark the biggest movements.
PNUT/USDT New Ath Expected PNUT/USDT: Gearing Up for a Breakout Above Trendline Resistance
PNUT/USDT is shaping up for an exciting move 📈 as it approaches a critical trendline resistance zone 📊. The price has been consolidating tightly, creating the perfect setup for a potential breakout 💥. If the breakout happens, we could see a strong bullish trend unfold 🚀. Keep a close eye 👀 on this pair and wait for confirmation before acting.
Key insights:
1. Trendline resistance: PNUT/USDT is approaching a long-standing trendline that has previously acted as a barrier. A break above this could mark the start of a strong upward move.
2. Volume surge: Watch for a significant increase in trading volume during the breakout to confirm buyer strength 🔥.
3. Bullish signals: Momentum indicators like RSI and MACD are trending positively ⚡, supporting the case for a bullish breakout.
Steps to confirm the breakout:
- Look for a clear 4H or daily candle closing above the trendline 📍.
- A noticeable spike in volume during the breakout can signal strong buying activity 📊.
- A retest of the broken resistance as a new support zone adds credibility to the move ✅.
- Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️.
Potential targets (post-breakout):
- Initial resistance:
- Next target:
Risk management strategies:
- Use stop-loss orders to manage your risk effectively 🔒.
- Ensure position sizing aligns with your overall trading strategy 🎯.
This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.