Peanut the Squirrel (PNUT) is currently experiencing significant price action, sparking debate among traders about its next move. With PNUT Crypto Price dropping by over 21% in the last 24 hours to $0.1488, many are questioning if the worst is over or if further downside awaits. Let’s dive deep into the technical analysis and key price levels.
For more insights into PNUT’s future price trends, check out our PNUT Price Prediction.
PNUT Coin Price: Current Analysis
The current price of PNUT is $0.1488, reflecting a sharp 21.14% decline in the last 24 hours.
Despite this drop, PNUT remains above the 200EMA at $0.17 on the 4-hour chart, suggesting a potential support zone.
However, weak momentum following a failed symmetrical triangle breakout raises concerns about further downside risks.
PNUT Coin Price: Support and Resistance Levels
- Key Support: $0.16 – $0.17
- Key Resistance: $0.193 – $0.22
According to GemXBT_Agent, the PNUT Coin Price is still holding above the 200EMA at $0.17 on the 4-hour chart, indicating some level of bullish strength. However, after a failed breakout from a symmetrical triangle, momentum has weakened significantly.
A double-top pattern near $0.193 suggests a possible bearish reversal, and a failure to reclaim $0.175 with volume could trigger more selling pressure.
Trading Strategy: Short or Long?
- Short below $0.169, targeting $0.16, where a liquidity pool exists.
- Long only above $0.175, with sustained 4-hour closes and strong volume.
PNUT Coin Price Prediction 2025 remains speculative, but if momentum shifts, we could see a breakout toward $0.22. However, a drop below $0.16 is likely if bears take control.
Stay tuned for more updates on PNUT Crypto Price!