Pnut Squirrel Follow-up Analysis: Can It Hold the $1 Barrier?

So far, the price of the squirrel has also reached around $1 and started to hover. This little squirrel has become both loved and hated by many.

The squirrel reached its peak just 4 days after launch, and many brothers were trapped at high levels, while those trying to catch the bottom were also stuck. From November 14th, when it reached its peak, it has been on a downward trend for more than half a month, experiencing significant fluctuations.

Now let's analyze the journey of the squirrel and the psychological journey of most coin friends, which is also the purpose and emotions that the market makers want during this washout.

11.11 Launched on Binance and started to rise. Wow, many people didn't react in time.

11.12 Continued to rise. Many people just saw it and decided to wait and see.

11.13 Wow, still rising. It's almost at its limit, I won't chase it.

11.14 Soaring. Can't wait any longer, let's jump in.

11.15 Suddenly, no movement. Hmm, let's wait.

11.16 Pullback. Hmm, just a small pullback, let's hold on a bit. Just like that, directly...

11.17-11.20 Almost hit the 1.5 support level, let's catch the bottom.

11.21 Wow, why is it still falling? Should I cut losses?

11.22 This isn't right, there’s no lower limit anymore. Cut losses, it's garbage!

11.23 It's down to $1 already, can't touch it. It might still fall.

11.24 Started to make a small pullback, didn't pay much attention.

11.25 Peaked at $1.4, sigh, slapping my thigh. It can still rise, let's chase it!

11.26 Successfully tricked again, trapped another batch, directly dropped to $1.04, many orders got eaten up.

Garbage, it really can't go on.

11.27 No longer looking at it, it can't move anymore, it's still useless. No, it has bottomed out, let's catch the bottom.

From this point on, it started to hover around $1 and has not broken through, leading to a situation of long and short contention.

In my opinion: By this time, at least 80% of the coin friends have been washed out. In the short term, it definitely cannot look up to $2 anymore, but a pullback is still not an issue. Moreover, the $1 position has been tested multiple times without breaking, indicating that this level is a significant support and is a key position in this consolidation phase.

As long as the market doesn't experience a major crash, this $1 barrier should basically hold! Looking forward, we will see how strong the rebound will be! Although we can't look at $2, it shouldn't be a big deal to look at the previous highs.

In the long term, the potential is enormous, and the prospects are broad. If you can't hold on, you won't be rich. #pnut