PNUT is a Peanut the Squirrel-themed meme token that is making waves on the Solana blockchain. In the past 24 hours, PNUT has seen a significant increase in price, becoming one of the best performing assets of the day. PNUT has attracted a lot of attention and has become the most popular token on the market. Over the past few days, the token has continued to rise, attracting investors who hope that it will soon rise by 300%.
PNUT Price Prediction: Can PNUT Surge 300% This Week?
In the past 24 hours, PNUT has surged 150% to $2.09, with trading volume surging 278%, indicating growing investor attention. The rapid growth in trading activity has brought its market capitalization to a staggering $2.1 billion, with PNUT ranked 51st on CoinMarketCap.
This surge comes just days after PNUT was listed on Binance, further fueling excitement. The token was created on Pump. The fun memecoin platform has seen a staggering 1,574% gain in the past week alone. Investors are excited, with many wondering if it’s too late to get in, or if PNUT has room for further growth.
The coin’s backstory has also drawn interest. The meme coin was inspired by a pet squirrel, Peanut, which was controversially euthanized by the New York City Department of Environmental Protection, sparking widespread public outrage. Prominent figures including Elon Musk and former US President Donald Trump have condemned the move, sparking discussion on social media days before the US election.
As momentum and fear of missing out (FOMO) build, many are speculating whether PNUT will surge 300% this week. Investors and crypto enthusiasts are closely watching to see if the memecoin can sustain its meteoric rise.
Can PNUT price reach $6 soon?
The price of Peanut Squirrel could surge significantly higher if it successfully breaks through the current resistance at $2.3. A breakout above this resistance level could spark momentum and push the price closer to the next resistance at $4. If the asset maintains its position around $4, it could pave the way for a more ambitious target of $6 in the coming days.
Technical indicators for the PNUT pair on Binance indicate a significant shift in market momentum. The Moving Average Convergence Divergence (MACD) is also showing signs of a bullish trend, with the MACD line crossing above the signal line. The Relative Strength Index (RSI) is currently at 77, suggesting that PNUT is entering overbought territory.
Given its growing popularity and market momentum, PNUT’s current trend suggests a strong upside potential of 300%. With increasing trading volumes and technical indicators favoring a bullish trend, PNUT’s upward momentum is likely to continue.
