"Hateful Rally" is ready to support Peanut the Squirrel$PNUT
The weighted sentiment indicator indirectly hints at a forthcoming recovery of the Peanut the Squirrel price. According to Santiment, the value of the indicator has dropped to an all-time low of 0.12. This signals very strong bearish sentiments in the market surrounding the meme coin.
Such extreme values often lead to rather atypical consequences. Thus, sharply negative sentiments may indeed trigger what is called a "hate rally" — a situation where strong market pessimism creates conditions for a price rebound and actually contributes to the beginning of a recovery. The Relative Strength Index (RSI) also hints at a partial recovery. Although its values are currently below 50.00, the indicator is still rising. This trend is traditionally perceived as a bullish signal.
So, if the RSI continues to rise and market sentiments begin to soften, then the price of PNUT will have a chance to rise above $1.36.
