The Peanut the Squirrel price climbed 3% in the last 24 hours to trade at $0.6816 as of 2.20 a.m. EST on trading volume that skyrocketed 105% to $800.18 million.
Following the recent crypto price drop that took place last week, PNUT ended up having its value cut in half, going from $1.1163 to the support at $0.60. Then, over the weekend, the popular meme coin started a recovery that at one point took it back up nearly to $0.80. However, the resistance was strong enough to reject its price, which stopped at $0.65.
Since then, the token has climbed back to $0.68 and is currently just under a smaller resistance at $0.70. However, while the rest of the crypto industry is still in the red on the 24-hour chart, 1-hour charts are showing that the new week is starting with a small recovery before Christmas.
Peanut the Squirrel Price Prediction
The PNUT price saw a strong price dip in the last 18 hours or so, but its value is already making an attempt at recovery, as mentioned previously.
The project’s Bollinger bands have seen a tightening as the price was going down, suggesting uncertainty and generally a bearish outlook as the weekend came to a close. Right now, however, the bands are putting some space between them, which is a positive thing.
It is also worth noting that the past 18 hours have mostly seen the price stick to the lower band, only seeing two minor boosts that ended up pushing them back to the upper band. However, both times, they immediately dropped right back down to the lower one. Right now, at the time of writing, the price has returned to the middle point between the two lines, which is encouraging, and suggests a subtle change in trend.
Something similar can be observed with the project’s Relative Strength Index (RSI) value. The RSI spent the majority of the last 24 hours in the neutral zone, fluctuating between the values of 33 and 55.
It was close to the oversold zone for a lot of this time, but it did not reach it, which suggests that traders were hesitant, expecting a sharp recovery to begin at any time. So far, this has not yet happened, but even so, the RSI returned to the neutral zone at the value of 50, from where it can go either up or down, depending on the traders’ sentiment.
As mentioned, a lot of cryptos are trading in the green on an hourly basis, which could mark the start of a recovery, and the increase could end up pushing their 24-hour performance into the green too. But, once again, there is a lot of hesitation right now, and no strong catalyst to enable the surge.
Promising Alternative To Peanut the Squirrel
Investors looking for diversification options might consider Wall Street Pepe (WEPE), a project that’s the fastest-growing presale of the year after raising almost $35 million in less than three weeks.
This is quite an astounding growth, even for a meme coin during a year when meme coins have exploded.
$30M raised. Memes run the internet. Wepe runs the memes. 🐸 ⚔️ pic.twitter.com/scMZmwEfKv
— Wall Street Pepe (@WEPEToken) December 18, 2024
Its success is built off its promise to give its insider group of token holders advanced trading signals and investment strategies that whales have enjoyed for years. In short, WEPE aims to level the playing field for the “little guy.”
ClayBro, a crypto YouTuber with over 134k subscribers, says WEPE might see15x gains once it goes live.
Right now, WEPE is selling for only $0.0003653. Buy soon for the best deal because a price hike is coming in less than 1 hour.
Visit WEPE here.
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