#圣诞行情分析
$PNUT Token: Can it reach a new historical high again?
PNUT Token, this SOL-based memecoin, is inspired by a pet squirrel and has recently created a wave in the cryptocurrency world. Although this small project is not large in scale, its fully diluted valuation is approximately $683 million, and the average trading volume over 24 hours has reached an impressive $1.1 billion. However, in the past two weeks, the price of PNUT has fallen by more than 50%, trading at around $0.68 during the European midday on December 23, 2024.
The PNUT Token had a nice rebound during and after the U.S. elections, but the recent price increase has clearly slowed down. Coupled with Bitcoin's correction, the entire altcoin market has been affected, with BTC's dominance rising back to over 58%.
Basic Knowledge of PNUT Token
This memecoin PNUT has attracted a lot of attention from speculative traders in recent weeks because it has been listed on several major exchanges. First, it successfully landed on Binance, which has over 240 million global users, and later Coinbase announced the listing of PNUT. This has greatly improved PNUT's liquidity, with locked liquidity exceeding $12 million, and on-chain holders have surpassed 78,000. However, PNUT has also encountered significant troubles.
Looking at other altcoins, such as ALGO and AAVE, their prices are preparing for a strong rise.
Mid-term Outlook
PNUT has now returned to a critical position.
From here, PNUT is expected to challenge the historical high again.
The price of PNUT has dropped more than 71% from last month's high of over $2.4 and is now testing the key Fibonacci extension support level at 0.618.
If the bullish sentiment in the cryptocurrency market can strengthen a bit more, the price of PNUT may easily rise to $1, and it is even possible to set a new historical high.
As for the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential. An expected growth of over 10 times is not a problem. If you want to make big money in a bull market, like and comment, and I will take you to layout the entire bull market!
