$PNUT

If you don’t understand that PNUT is a symbol, you haven’t understood anything.

The PNUT token is a meme coin that has recently surged in popularity, and to understand why, we need to look back at a rather unique story. This token is a tribute to Peanut, a squirrel rescued by Mark Longo after its mother was killed. Peanut became a small social media star, gathering over 500,000 followers on Instagram, until New York authorities decided to seize and euthanize him in October 2024, citing concerns over rabies and the illegal keeping of wild animals.

This decision sparked a wave of outrage, amplified by influential figures like Elon Musk, who mocked the authorities for their perceived overreaction. The crypto community picked up on this story by creating the PNUT token, which became both a tribute to Peanut and a symbol of protest against what they see as disproportionate, even inefficient, government intervention. In a way, PNUT has transformed into a symbol of resistance against certain government actions that seem excessive compared to the actual issue at hand.

With all the buzz surrounding this story, the PNUT token is starting to take on a role similar to Dogecoin, becoming a kind of community symbol. Buying PNUT is almost like supporting a cause, a protest against these kinds of decisions. This phenomenon shows just how a community can rally around a meme and give it a broader meaning.

That said, contrary to some rumors, there’s no evidence that Trump or Musk own this token, even though their public statements helped amplify the movement. In the end, the story of PNUT is a sign of the times: a token representing a cause, a protest, and a spirit of solidarity within the crypto community.

Technical Analysis of Shiba Inu (SHIB)

The meme coin $SHIB

has experienced a marked downtrend since May 29, confirmed by three points which might eventually end today.

The price levels have reached a very strong support around 0.00002069.

On a 4-hour chart, prices are starting to climb, crossing the Tenkan line. However, they are still below the Ichimoku cloud, which is a bearish signal. They are also below significant support or resistance levels like the 0.786 Fibonacci retracement and below their downward trend line.

These indicators suggest that if SHIB reverses the trend, it will face some short-term challenges in breaking through these resistances. The RSI appears to be rising, indicating buying pressure. However, as an entry point, I remain relatively neutral on SHIB currently. Until SHIB crosses back above its Kijun line on the 4-hour chart, breaks its downward trend line, and finds support at a significant Fibonacci retracement level like 0.786, I would not recommend entering.

Once these conditions are met, SHIB might then be able to cross above its Ichimoku cloud and break its SSB resistance. Currently, SHIB's prices seem stuck between various resistance levels. Given the buying pressure, it might range for some time or at least until it breaks its downward trend line.

#shiba⚡ #TechnicalAnalysis

Introduction to IO.NET

IO.NET is a decentralized AI computing and cloud platform that aggregates GPU supply from underutilized sources. IO.NET creates a network that allows machine learning (ML) startups to access nearly unlimited computing power at a fraction of the cost of traditional cloud solutions. The current market capitalization of IO.NET is $480 million. The IO token has been listed on Binance since June 11, 2024.

Technical Analysis of $IO
1-Hour Chart: Since IO has been listed on June 11 at 14:00, we are using the 1-hour chart to have enough candlesticks for a meaningful technical analysis.

Key Points:
High and Low Points: The highest point was reached on June 12, and the lowest point on June 11.

Fibonacci Retracement: Used to identify potential support and resistance levels.

Current Support: A support level seems to be forming around 4.725.

Indicators and Observations

Ichimoku:
The Tenkan line is attempting to cross above the Kijun line, which would be a bullish signal.

RSI:
The RSI is in a descending trend from the overbought zone, indicating that selling is occurring and the price of the asset is decreasing as a result.

Upward Trend Line:
An upward trend line has been drawn, but it is currently only confirmed by two points.

Support Levels to Watch
4.725: A key support level to monitor.
0.618 and 0.786 Fibonacci Levels: Observe if these retracement levels hold as support.

Conclusion
A potential entry point could be considered once the RSI has finished its downward phase on the 1-hour chart. The 4-hour charts currently do not provide enough data to be reliably used. It is crucial to monitor the mentioned support levels to confirm a less risky entry point.

#io.net

Technical Analysis of $NOT

It appears that $NOT has now established an upward trend line with three bounce points. Although it is currently still below its Ichimoku cloud on the 4-hour chart, there seems to be sufficient upward momentum for NotCoin to continue its medium-term growth.

Positive Indicators:

Tenkan and Kijun Cross: On shorter timeframes, the Tenkan has crossed above the Kijun, and prices have also moved above the Tenkan, which is a clear bullish signal.

Upward Trend Line: The upward trend line with three bounce points indicates underlying upward strength.

Resistances and Scenarios:

Potential Resistances: In the short term, there are several potential resistances, such as the 0.618 Fibonacci retracement and the SSB at the top of the Ichimoku cloud.

Ichimoku Cloud Breakout: If the bullish trend continues, prices should soon break through the Ichimoku cloud and pass this SSB resistance.

Range Scenario: A range scenario within the Ichimoku cloud seems more likely given the current market conditions, despite positive macroeconomic news. Investor confidence needs to return for a significant bullish movement.

Recommendation:

Neutral Position: Currently, it is prudent to maintain a neutral position. Although there are positive and encouraging signals, it is advisable to wait for a rebound at the 0.618 Fibonacci retracement level before entering a position.

Monitor RSI: Also waiting for the RSI to drop from its overbought zone could indicate a less risky entry point.

#Notcoin👀🔥 #TechnicalAnalysis #Ichimoku

Yesterday, $PEPE attempted to break through the key SSB level at the 0.618 Fibonacci retracement but failed. Worse, the prices then fell back below the SSB, crossing back down through the Ichimoku cloud, and are currently being supported at the Kijun level. We observe that negative selling volumes are increasing, and the bullish trend line is under attack at the current price levels. Additionally, the RSI is dropping from the overbought zone.

Given these factors, we might expect a potential rebound at the 0.786 Fibonacci retracement level. However, if this support doesn't hold—especially since current supports seem unreliable and no positive news is expected today—the prices might stabilize even lower than they are now. Currently, the price is at 0.00001260.

The silver lining is that if prices drop further, it could present a new entry opportunity. The main concern is if $PEPE breaks below the major trend line and continues to trade below the Ichimoku cloud on the 4-hour chart. The best-case scenario would be a rebound at 0.786 and a subsequent attempt to break back above the Ichimoku cloud, ultimately overcoming the SSB resistance on a second attempt.

Exercise caution and stay vigilant. Today's market may likely be a dull day of range-bound movement or price stabilization, without significant excitement.

Feel free to share your thoughts and questions in the comments.

#pepecoin🐸 #pepe⚡ #PEPE_EXPERT #TechnicalAnalysis

Currently, $PEPE is at a critical level on the 4-hour chart. Observing the Ichimoku cloud, the SSB aligns with the 0.618 Fibonacci retracement level, making this a crucial point for a potential rebound. $PEPE needs to pass this SSB to move to the other side of the Ichimoku cloud on the 4-hour chart, confirming a bullish reversal from the recent downtrend.

Additionally, we can see that the Tenkan is attempting to cross above the Kijun, which would be another bullish signal, with prices moving above both the Tenkan and Kijun lines, signaling a bullish alert. However, this resistance at the 0.618 Fibonacci retracement and SSB level is tough to break, especially since the Stoch RSI is currently in the overbought zone.

Despite this, if $PEPE manages to surpass this resistance, there's potential for a continued upward trend, especially as the lagging span has also crossed above the prices. These factors provide more positive than negative signals, but with the RSI so high in the overbought zone, the community needs to stay motivated for the bullish trend to continue. If $PEPE can reach the level from June 6, corresponding to the 0.382 Fibonacci retracement, we might later see a return to the all-time high from May 27.

Stay cautious, do your own research, and feel free to ask questions in the comments!

#pepe⚡ #PEPE_EXPERT #TechnicalAnalysis

For those who missed the purchase and the impressive rise of $NOT at the end of May and early June, which saw a spectacular increase of about 143%, it might be worth considering an entry now if the rebound confirms at the 0.786 Fibonacci retracement level. Currently, this level seems to be holding, and the RSI shows signs of recovery, slowly exiting the oversold zone.

We also observe that the buying volume, although relatively low at the moment, is starting to pick up, which could indicate a potential rebound. A positive signal to watch for would be when the price crosses the Tenkan (yellow line) upwards, especially if this line is at the descending trend line. This could signal a bullish alert.

The price drop of $NOT , although dramatic, is more gradual than its rapid ascent, indicating less panic among sellers. In the current market conditions, $NOT presents an interesting capitalization but remains susceptible to fluctuations due to macroeconomic events, which instill doubt among investors. Price variations are common for new tokens or those recently listed, but for those who believe in its fundamentals, the technical analysis suggests that this could be a good entry point if the rebound at 0.786 is confirmed and the downward trend line is broken.

Observe this carefully and remain cautious in the current market conditions.

#Notcoin👀🔥 #TechnicalAnalysis

Information about $NOT (NotCoin):

NOt is a Telegram-based game created by Open Builders. It has garnered significant attention, with over 30 million total players and up to 6 million daily active users. The game involves tapping a golden coin to earn an in-game currency called Notcoin. This currency can be used for various in-game purchases and upgrades​ .

Technical Analysis of $NOT :
Since June 4, $NOT experienced a noticeable correction, showing a downward trend for the past week following a sharp rise. This rapid ascent has now stabilized, with prices descending towards a potential buying zone. However, it has not yet reached the ideal buying zone, which lies between the 0.78 and 0.61 Fibonacci retracement levels.

Currently, the price should ideally drop to around $0.016 to enter the buying zone. The RSI has exited the oversold region, indicating a potential for a rebound if the price reaches the lower Fibonacci levels. Observing the 4-hour Ichimoku chart, the price is below the cloud, with the Tenkan line crossing the Kijun line downwards, suggesting a bearish trend. The current price pressure on the Tenkan line further supports this bearish outlook.

For cautious investors, it would be wise to wait and see if the price hits the 0.618 or 0.786 Fibonacci retracement levels for a potential rebound. This would bring the price back to levels seen at the beginning of the month. Monitoring the RSI on 1-hour and 4-hour charts could help identify favorable entry points​.

#Notcoin👀🔥 #TechnicalAnalysis

The memecoin $PEOPLE (Constitution DAO) has shown strong progress since the beginning of June, and the bullish trend seems to continue. After a slight correction on Sunday morning, it is now rising sharply compared to the overall crypto market. Despite the current high price, applying the Fibonacci retracement shows that it is not in a buying zone but continues to follow its upward trajectory.

On the 1-hour chart, using Ichimoku, we can see that it has taken the SSB as support for a rebound. The RSI is progressing on the 1-hour chart, having exited the oversold zone. This SSB corresponds to the 0.38 Fibonacci retracement level. On the 4-hour chart, the selling pressure seems to be slowing down, indicating a potential buying reversal for this token.

The downward trend appears to be slowing, taking a bit more time to confirm the trend change. We observe that the trading volumes are turning green again, suggesting that $PEOPLE is poised to climb back to the 0.236 Fibonacci retracement level. If this trend continues, it may soon reach its all-time high and maintain its upward momentum.

However, it's essential to note that this token is extremely volatile. With a market capitalization of $632 million, prices can still be quite manipulable. Large buys or sells by whales can cause significant price movements. Nevertheless, there is an underlying trend indicating that this token has substantial momentum.

It is advisable to monitor the RSI on the 1-hour and 4-hour charts to identify interesting rebound opportunities for this token, which is making a surprisingly strong upward run.

#PEOPLE #ConstitutionDAO #TechnicalAnalysis #tradingsignals #Ichimoku

For $WIF (Dog With Hat), on a broader spectrum, there is a slightly bullish underlying trend. It seems that the correction that started last Friday has ended, and there is currently a rebound zone at the 0.78 Fibonacci retracement level, which is a buying zone.

If we look at the RSI, we see that it has exited the oversold region, and if the trend continues, we could see an upward movement in the price of $WIF in the coming days.

Additionally, analyzing the 4-hour chart under Ichimoku, we can see that prices are currently crossing above the Tenkan line, which is a bullish alert and potentially indicates a trend change.

Therefore, it is important to monitor if this rebound is confirmed in the next few hours.

#WIF🔥🔥 #dogwithhat #TechnicalAnalysis

SOL (Solana) : on the 4-hour chart, we can see that the RSI is rising but is not yet in the overbought territory.

The Tenkan has crossed above the Kijun, and currently, the prices seem to be following the Tenkan's momentum.

A rebound has occurred at the 0.61 Fibonacci retracement level.

If the current trend continues, we can expect the prices to rise until they reach a major resistance level at the SSB, around $168.

If $SOL manages to break through the SSB and its cloud, we could see an interesting bullish reversal for Solana.

#SOL🔥🔥 #Solana⁩ #TechnicalAnalysis #Fibonacci #Ichimoku