Peanut The Squirrel Price Prediction: PNUT Pumps 44% As This Solana Layer 2 Barrels Past $23M In Presale
The Peanut the Squirrel price pumped 44% in the last 24 hours to trade at $0.2084 as of 8:49 p.m. EST on trading volume that jumped 473% to $851 million. Peanut The Squirrel Price Analysis: Potential Breakout on the Horizon? The PNUT price trading pair has been in a prolonged downtrend, forming a descending wedge pattern marked by two converging red trendlines. The Peanut the Squirrel price has continuously declined from previous highs, with lower highs and lower lows, indicating a bearish structure. However, this pattern is known for its bullish breakout potential, which may signal a trend reversal. Currently, the price of PNUT is trading at $0.2084, showing signs of consolidation near the upper boundary of the wedge. A breakout above the upper resistance line could lead to significant upward momentum. The 50-day Simple Moving Average (SMA) at $0.1767, suggests that the price pf Peanut the Squirrel is slightly above short-term trend support. Meanwhile, the 200-day SMA at $0.7079...