Peanut the Squirrel PNUT price analysis🐿 For #PNUT holders, there is good news and a little bit of "not so good" news)
🟢 Good - the formation of a reversal pattern continues
🟡 Not so good - so far, buyers have not managed to gain a foothold above $0.26
As soon as this happens, OKX:PNUTUSDT price will go up to at least $0.40 and $0.57
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PNUTUSDT
PNUT looks bearish (4H)It appears to be completing a triangle, currently in Wave E.
From the red zone, it may move downward.
Below the chart, there is a liquidity pool, which could be the price target for a sweep.
The invalidation level is slightly far, so proper risk management and position sizing should be maintained
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
PNUT Sell/Short Setup (2H)A large liquidity pool has formed below the price.
We have not yet seen a bearish CH on the chart, but in the supply zone, considering the invalidation level as a stop, we can enter a sell/short position.
If the invalidation level is touched, it will invalidate this setup.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
PNUT price analysisPerhaps the #PNUT price is forming a reversal pattern
But until OKX:PNUTUSDT is firmly established above $0.26, the price will remain in the falling channel and you can get the “3rd bottom” as a gift...)
🔼 But above $0.26, there will be room for growth, at least to $0.57
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ENAUSDT UPDATEENAUSDT is a cryptocurrency trading at $0.4483. Its target price is $0.7500, indicating a potential 70%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about ENAUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. ENAUSDT is poised for a potential breakout and substantial gains.
PNUT buy/long setup (4H)Given the clearance of the resistance order block, a bullish iCH, the formation of a support zone, and the preservation of the low, we can look for buy/long positions on PNUT with a setup that offers a favorable risk-to-reward ratio.
The green zone marks the entry area for the position, while the targets are indicated on the chart.
If the invalidation level is touched, this setup will be stopped.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
PNUT Coin Price Analysis and Next Possible moves !!$PNUT Coin Update!!
• $PNUT Coin Break now its All support areas on HTF'S... Now any time bounce back expected in its price✅
• If it's price bounce back from current area then with SL I will build trade on it... Otherwise from 0.24$ & 0.225$ pottential bounce back expected🫡
Warning That's just my analysis DYOR Before taking any action🚨
PNUT COIN PRICE ANALYSIS AND NEXT SHOERT-TERM POSSBLE MOVES!!$PNUT Coin Updates!!
• In $PNUT Coin Near Me Potential Bounce back Expected from 0.325$-0.29$ area.. Where you are able to build proper trade setup.
•its current local support is0. 365$.
Warning : That's just my idea DYOR Before taking any risk🥷
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
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.
PnutBINANCE:PNUTUSDT
📊 **Pnut Current Price: 0.6058**
- We're currently facing a **resistance** level at this price 🔴.
💥 If we break this resistance, the next levels to watch are:
- **0.6534** 🚀 (First target)
- **0.7433** 📈 (Next level)
- **0.8000** 🌕 (Major resistance)
🔻 **If the price doesn't hold above 0.6058**, we might see a dip to **support levels**:
- **0.5500** ⚖️ (First support level)
- **0.4500** ⬇️ (Stronger support)
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So, if the price breaks through resistance, we could see a bullish move. But if it falls below 0.6058, keep an eye on those support levels for possible rebounds! 💡
**Note:** This is not financial advice! Always do your own research. 📉📈
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
PNUT/USDT LONG TRADE SETUP !!This is a long trade setup for PNUT/USDT with specific entry, stop-loss, target, and leverage details:
Entry: Current Market Price (CMP) and $0.7230
Stop-Loss: $0.7027
Target: $0.8040
Leverage: 5x to 10x
Let me know if you’d like further assistance or adjustments!
DYOR. NFA