The meme coin Peanut the Squirrel (PNUT), which recently surpassed a market capitalization of $2 billion, experienced a sharp 30% decline in one week, bringing its value down to $1.36. However, there are signs that PNUT could soon begin to recover.
Despite the bearish trend, current low prices may present an attractive opportunity for investors expecting a turnaround.
Bearish Sentiment Could Trigger a Rebound
One of the key indicators suggesting potential growth for PNUT is the weighted sentiment, which measures market perception based on social activity. Positive sentiment often leads to increased demand and price growth, while negative sentiment signals the opposite trend.

Extreme sentiment values, however, often precede significant market reversals. Historically, overly bullish sentiment tends to lead to corrections, while extreme bearishness can set the stage for recovery.
According to data from Santiment, PNUT's weighted sentiment has reached a historic low of 0.12. This deeply bearish outlook could paradoxically spark a "relief rally," where strong market pessimism unexpectedly fuels a price rebound.
RSI Indicates Potential for a Reversal
Another indicator pointing to a possible recovery is the Relative Strength Index (RSI). This tool measures the momentum of price changes based on their speed and magnitude.
On the 1-hour chart, RSI remains below the mid-level of 50.00 but has been improving since yesterday. If this trend continues, PNUT’s price could climb back above $1.36.

PNUT Price Prediction: A Rise to $1.94 Is Possible
Based on the 1-hour chart, trading volume around PNUT is increasing. Both buyers and sellers remain actively engaged, suggesting a highly competitive market.
Currently, bulls are defending the $1.31 level. If they succeed in maintaining this support, PNUT's price could rise to $1.64 in the short term. In a strongly bullish scenario, the price could even reach $1.94.

On the other hand, if selling pressure intensifies, the price could drop to $1.26, signaling a continuation of the bearish trend.
Conclusion: PNUT is at a critical juncture. If bulls manage to hold current support levels, the coin could see a significant recovery. Conversely, losing this support might lead to further declines.

#memecoin🚀🚀🚀 , #MemeCommunity , #BEARISH📉 , #PnutToken , #priceprediction

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The $SUI
price recently reached a new historical high, continuing the rally that started at the beginning of the month from $1.69

The cryptocurrency was able to fight back against #BEARISH📉 expectations by demonstrating resilience. It overcame the previous resistance level, challenging those who hoped for a drop in the price. The bullish momentum of SUI is gaining momentum.

SUI receives support from all sides
The market's attitude towards SUI was mixed. The financing rate shows that many expected the token to decrease. They opened short positions in the hope of profiting from the price drop. However, the recent rally and the updated high indicate that the bulls turned out to be stronger.

The financing rate fluctuates, but remains in a positive zone. This indicates the preservation of investor confidence in the potential of the coin. At the same time, bearish traders do not retreat, continuing to bet against the current price direction.

The Average Directional Index (#ADX ) currently exceeds the threshold of 25.0. This signals a significant strength of the current trend. In the case of SUI, this trend is upward. ADX values above 25.0 increase the likelihood of sustained growth, fueling speculation about further strengthening of the asset.

The uptrend will continue if the currency retains market support. As long as the ADX remains high, the price is likely to maintain positive momentum. Now it is an asset with growth potential, which is supported by both technical indicators and the general mood in the market.

Price forecast: new highs are expected

The token has grown by 9.75% in the last 24 hours, reaching a new historical high of $3.52. Although the increase was small, it is an important step in the ongoing ascent of the altcoin.

Over the past week, SUI has already set its sixth historical high, following the upward trend of bitcoin. It has now formed strong support at $3.20, bolstering investor optimism.

However, if SUI fails to maintain support at $3.20, the price may drop to $2.85. This will undermine the current positive outlook and may lead to a change in investor sentiment.
#NextMarketMoves