Peanut the Squirrel (PNUT) is nearing a key resistance at $0.22, drawing growing attention from traders. Traders on social media are suggesting a potential breakout, fueled by increasing market interest and momentum. This could lead to a strong upward trend if PNUT surpasses this critical level.
PNUT Current Price and Technical Outlook
As of April 29, 2025, Peanut the Squirrel is trading near $0.18, with a 24-hour volume of nearly $85 million. Its market cap sits at about $176 million. Over the past week, PNUT has gained about 26%, indicating good momentum.
Daily trading volumes remain robust, with millions of tokens exchanged on major platforms like Binance and Bitget. This consistent demand is evident, as traders on social media boast of buying the coin with large sums.
PNUT is trading above its 50-day simple moving average of $0.168, approaching $0.18, signifying a sustained uptrend. The Relative Strength Index (RSI) around 60 shows moderate positive momentum without being overbought. Meanwhile, the Average Directional Index (ADX) stays strong below 49, indicating a solid trend in place.
Together, these factors signal that a solid upward surge is underway. Traders seek volume spikes and MACD confirmation to validate a breakout since consistent momentum and high trend strength boost the likelihood of prolonged gains.
PNUT’s Resistance and Future Outlook
PNUT faces key resistance near $0.22, a major level traders are watching closely. Breaking over this could lead to targets around $0.24 and $0.26, drawing additional buyers and propelling more gains. Support is between $0.12 and $0.13, a zone that has held firm throughout previous pullbacks and helped maintain the current uptrend.
If PNUT falls below $0.12, it may test the lower support near $0.10, potentially weakening momentum. Holding these levels is key for sustaining the surge. Traders are keenly examining these zones for signals of a breakout or reversal.
Market sentiment regarding PNUT is divided, but leaning cautiously bullish. Despite recent price drops, community interest remains strong. Other traders perceive this dip as a great buying opportunity, with some even saying, “billions will come.”
Some analysts foresee a probable rise from its resistance or higher, with projections of a 50–100% increase from the current price. However, volatility and regulatory risks keep sentiment restrained. Overall, PNUT’s prospects rest greatly on community support and market momentum in the coming months.
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