Peanut the Squirrel (PNUT) Price Prediction 2023: Is It Worth the Investment?

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.

The price of Peanut the Squirrel (PNUT) rose 3% in the last 24 hours to reach $0.6816 by 2.20 a.m. EST. This comes as trading volume surged 105% to reach $800.18 million.

After the recent crypto price crash last week, PNUT ended up losing half its value, dropping from $1.1163 to reach support at $0.60. Following this, the popular meme coin began to recover over the weekend, at one point rising to almost $0.80. However, it faced strong resistance that pushed its price back down to $0.65.

Since then, the token recovered to $0.68 and now sits just below smaller resistance at $0.70. However, while the rest of the crypto industry is still showing losses on the 24-hour chart, 1-hour charts are indicating that the new week is starting with a small recovery ahead of Christmas.

Peanut the Squirrel Price Analysis: What to Expect?

The PNUT price saw a steep price drop over the last 18 hours or so, but as mentioned, its value is already attempting to recover.

The project’s Bollinger bands narrowed as the price dropped, indicating 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 development.

It is also worth noting that the past 18 hours saw the price mostly stick to the lower band, seeing only 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 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

Those interested in exploring alternative options for diversification might want to consider Wall Street Pepe (WEPE), a project that boasts the fastest-growing presale of the year after raising almost $35 million in less than three weeks.

This is an exceptional achievement, even for a meme coin in a year where 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.

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 see 15x gains once it goes live.