Bullish PNUT price prediction for 2024 is $2.5151 to $6.0727.
Peanut the Squirrel (PNUT) price might reach $10 soon.
Bearish (PNUT) price prediction for 2024 is $0.5556.
In this Peanut the Squirrel (PNUT) price prediction 2024, 2025-2030, we will analyze the price patterns of PNUT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS INTRODUCTION
Peanut the Squirrel (PNUT) Current Market Status
What is Peanut the Squirrel (PNUT)?
Peanut the Squirrel (PNUT) 24H Technicals
PEANUT THE SQUIRREL (PNUT) PRICE PREDICTION 2024
Peanut the Squirrel (PNUT) Support and Resistance Levels
Peanut the Squirrel (PNUT) Price Prediction 2024 — RVOL, MA, and RSI
Peanut the Squirrel (PNUT) Price Prediction 2024 — ADX, RVI
Comparison of PNUT with BTC, ETH
PEANUT THE SQUIRREL (PNUT) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ
Peanut the Squirrel (PNUT) Current Market Status
Current Price $1.35 24 – Hour Price Change 7.41% Down 24 – Hour Trading Volume $1.92B Market Cap $1.35B Circulating Supply 999.85M PNUT All – Time High $2.47 (On November 14, 2024) All – Time Low $0.03128 (On November 05, 2024)
PNUT Current Market Status (Source: CoinMarketCap) What is Peanut the Squirrel (PNUT) TICKER PNUT BLOCKCHAIN Ethereum (ERC-20) CATEGORY DeFi LAUNCHED ON December 2020 UTILITIES Governance, security, gas fees & rewards
Peanut the Squirrel (PNUT) is the native token of Peanut Trade, a decentralized platform designed to simplify trading and enhance profitability in the DeFi ecosystem. The platform focuses on innovative tokenomics and efficient tools for users to manage digital assets effectively. PNUT is used for governance, staking, and rewarding participants within the Peanut Trade ecosystem.
One of its standout features is the “Smart Trading” algorithm, which helps users execute optimized trades with minimized slippage and better pricing across multiple DeFi platforms. It also integrates yield farming and liquidity mining opportunities, enabling users to earn passive income.
Peanut Trade’s ecosystem emphasizes accessibility, allowing both novice and experienced traders to engage seamlessly. PNUT’s deflationary mechanics ensure value retention, as transaction fees partially burn tokens. This mix of utility, simplicity, and innovation positions PNUT as a promising asset in the expanding world of decentralized finance.
Peanut the Squirrel 24H Technicals
(Source: TradingView)
Peanut the Squirrel (PNUT) Price Prediction 2024
Peanut the Squirrel (PNUT) ranks 69th on CoinMarketCap in terms of its market capitalization. The overview of the Peanut the Squirrel price prediction for 2024 is explained below with a daily time frame.
PNUT/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Peanut the Squirrel (PNUT) laid a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
At the time of analysis, the Peanut the Squirrel (PNUT) price was $1.35. If the pattern trend continues, then the price of PNUT might reach the resistance level of $1.4996, $1.8904, and $2.4638. If the trend reverses, then the price of PNUT may fall to the support of $0.9591.
Peanut the Squirrel (PNUT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Peanut the Squirrel (PNUT) in 2024.
PNUT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Peanut the Squirrel (PNUT) for 2024.
Resistance Level 1 $2.5151 Resistance Level 2 $6.0727 Support Level 1 $1.2700 Support Level 2 $0.5556
PNUT Resistance & Support Levels
Peanut the Squirrel (PNUT) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Peanut the Squirrel (PNUT) are shown in the chart below.
PNUT/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Peanut the Squirrel (PNUT) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $1.5836Price = $1.4463(50MA > Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 45.7931<30 = Oversold50-70 = Neutral>70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume
Peanut the Squirrel (PNUT) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Peanut the Squirrel (PNUT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
PNUT/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Peanut the Squirrel (PNUT).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 17.3121 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 47.45<50 = Low>50 = High Low Volatility
Comparison of PNUT with BTC, ETH
Let us now compare the price movements of Peanut the Squirrel (PNUT) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs PNUT Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of PNUT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of PNUT also increases or decreases respectively.
Peanut the Squirrel (PNUT) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Peanut the Squirrel (PNUT) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Year Bullish Price Bearish Price Peanut the Squirrel (PNUT) Price Prediction 2024 $13 $0.5 Peanut the Squirrel (PNUT) Price Prediction 2025 $15 $0.4 Peanut the Squirrel (PNUT) Price Prediction 2026 $17 $0.3 Peanut the Squirrel (PNUT) Price Prediction 2027 $22 $0.2 Peanut the Squirrel (PNUT) Price Prediction 2028 $25 $0.1 Peanut the Squirrel (PNUT) Price Prediction 2029 $27 $0.09 Peanut the Squirrel (PNUT) Price Prediction 2030 $30 $0.08
Conclusion
If Peanut the Squirrel (PNUT) establishes itself as a good investment in 2024, this year would be favorable to cryptocurrency. In conclusion, the bullish Peanut the Squirrel (PNUT) price prediction for 2024 is $6.0727. Comparatively, if unfavorable sentiment is triggered, the bearish Peanut the Squirrel (PNUT) price prediction for 2024 is $0.5556.
If the market momentum and investors’ sentiment positively elevate, then Peanut the Squirrel (PNUT) might hit $3. Furthermore, with future upgrades and advancements in the Peanut the Squirrel ecosystem, PNUT might surpass its current all-time high (ATH) of $2.47 and mark its new ATH.
FAQ
1. What is Peanut the Squirrel (PNUT)?
Peanut the Squirrel (PNUT) is the native token of Peanut Trade, a decentralized platform designed to simplify trading and enhance profitability in the DeFi ecosystem.
2. Where can you buy a Peanut the Squirrel (PNUT)?
Traders can trade Peanut the Squirrel (PNUT) on the following cryptocurrency exchanges such as Binance, OKX, Bitget, Gate.io, Huobi (HTX), WhiteBIT, DigiFinex, and BitMart.
3. Will Peanut the Squirrel (PNUT) record a new ATH soon?
With the ongoing developments and upgrades within the Peanut the Squirrel platform, Peanut the Squirrel (PNUT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Peanut the Squirrel (PNUT)?
Peanut the Squirrel (PNUT) hit its current all-time high (ATH) of $2.47 on November 14, 2024.
5. What is the lowest price of Klaytn (KLAY)?
According to CoinMarketCap, KLAY hit its all-time low (ATL) of $0.03128 on November 05, 2024.
6. Will Peanut the Squirrel (PNUT) hit $10?
If Peanut the Squirrel (PNUT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.
7. What will be the Peanut the Squirrel (PNUT) price by 2024?
Peanut the Squirrel (PNUT) price might reach $13 by 2024.
8. What will be the Peanut the Squirrel (PNUT) price by 2025?
Peanut the Squirrel (PNUT) price might reach $15 by 2025.
9. What will be the Peanut the Squirrel (PNUT) price by 2026?
Peanut the Squirrel (PNUT) price might reach $17 by 2026.
10. What will be the Peanut the Squirrel (PNUT) price by 2027?
Peanut the Squirrel (PNUT) price might reach $20 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
