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PNUTUSDT

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
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) --- 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. 📉📈
Long
by Wolftrader1337
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
PNUTUSDT: Approaching a Key Level – Go Short or Wait for a Reteswww.tradingview.com Hey, traders! 🐂🐻 Today, we’re looking at BINANCE:PNUTUSDT , and the chart looks tense. The price has dropped to 0.61254 USDT , and the bears seem to be gaining momentum. Looking at this diagonal resistance line, one thing is clear: the market is gearing up for a move. The chart shows a classic downtrend structure, and the key support levels scream potential reversal points. But as they say, "don’t go all in until the setup is confirmed." --- 🔑 Key Levels: Support: 0.60223 USDT – a critical zone where buyers might try to hold the asset. 0.59000 USDT – the last line of defense before a potential dump. Resistance: 0.62000 USDT – the nearest level where bears continue to apply pressure. 0.64000 USDT – the next resistance level holding back upward movement. --- 🚩 Strategy: Entry Point: - Open a short position after a retest of 0.62000 USDT , provided bears maintain control. Stop-Loss: - Place your stop above 0.64000 USDT to avoid sharp moves against your position. Take-Profit Targets: 0.60223 USDT – the first level to "skim the cream". 0.59000 USDT – the second target if bearish pressure persists. 0.58000 USDT – the final target in case of a full breakdown of support. --- 📈 Technical Breakdown: The downtrend remains dominant until the price breaks 0.62000 USDT . Volume confirms bearish activity, especially around resistance levels. A break below 0.60223 USDT could signal further downside. --- 💡 What’s Next? Bears seem to be in control, but the market might go for a local retest. What do you think? Wait for a bounce back to resistance or catch the move now? Share your insights – collective wisdom always wins! 🚀
Short
by Max_Pr0fit
PNUTUSDT → Consolidating for a Potential Explosive RallyBINANCE:PNUTUSDT following a sharp decline, PNUT is showing signs of a powerful comeback. The chart reveals a classic reversal pattern, indicating the potential for a bullish surge. While Bitcoin remains flat, PNUT is taking center stage with a double bottom formation, signaling strength and an entry into the rally phase. The next big challenge? The resistance zone at 0.75. Breaking above this level and solidifying support could be the launchpad for an impressive ascent. Primary target is 1.0, next targets are 1.15, 1.35.
Long
by Bentradegold
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
Pnut/UsdtBINANCE:PNUTUSDT 🔽 **Support Levels (Fear Zone)**: - The current price of 1.099 is acting as a **support level**, meaning if the price holds here, it could stabilize or rise. - **Support levels** are where buyers tend to enter, seeing the price as a good deal. - But since you're saying the price is in a "fear" zone, it's a bit uncertain right now. If the price **falls below** 1.099, here are the next support levels that could be crucial: 📉 **1.0553**, **0.8000**, **0.7545**, and **0.5000**. These are the potential prices where the market might find new buying interest. Below these levels, the price could **drop further**, signaling a **bearish** trend. 😨 --- 🔼 **Resistance Levels**: - If the price holds at 1.099 and starts rising, the next **resistance levels** are key areas where price might struggle to move higher: 📈 **1.353**, **1.4443**, **1.598**, and **1.888**. - **Resistance levels** are where sellers often appear, preventing the price from going higher. If the price reaches any of these levels, it could be a point where the price gets "stuck" or even reverses downward. 💪 --- **How to Approach This:** - If you're **bullish** (hoping the price will go up), you'd want the price to hold above the **1.099 support**. If it goes higher, the next resistance levels could provide opportunities to **take profit** if you're in a position. - If you're **bearish** (hoping the price will go down), then the price **dropping below 1.099** and holding at a lower support level would indicate a continuation of the downward trend. Remember, this is just a **technical analysis** and **not financial advice**! 📊🔍 ---
by Wolftrader1337
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