Peanut the Squirrel $PNUT

PNUT was trading around $1.94 at the start of the week — however, the memecoin price has since dropped by 33%. The hourly chart shows that the relative strength index (RSI) has dropped to 31.66, approaching the oversold zone. This means that the memecoin price may soon recover. If this scenario is confirmed, PNUT will rise again to $1.40 or even $1.72. However, increasing selling pressure will lead to a drop below $1.15. $PEPE $SHIB