Peanut

Rally

Strong

Resistance

<p style="text-align: left;">Peanut is a memecoin after the famous squirrel that was euthanized in New York. This created an outrage on the Internet and a new memecoin was born soon after.</p>
<p><strong>Key Support levels: $1.5, $0.86</strong></p>
<p><strong>Key Resistance levels: $1.6, $2.1</strong></p>
<h2 id="1-strong-rally-in-progress">1. Strong Rally in Progress</h2>
<p>Peanut increased by a mind-blowing 1,800% since its recent lows. This would make any meme coin hunter jealous. Most recently, its price managed to make an all-time high above $1.7. At the time of this post, PNUT is in a pullback, but the overall momentum remains extremely bullish.</p>
<figure id="attachment_370424" aria-describedby="caption-attachment-370424" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-30.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-370424" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="2-no-signs-of-weakness-yet">2. No Signs of Weakness Yet</h2>
<p>While the ongoing rally shows a lot of strength, a quick look at the RSI on the four hour timeframe shows that PNUT may be overbought right now. The RSI is almost at 90 points, which suggests being cautious about buying at these valuations. Ideally, wait for a better entry.</p>
<figure id="attachment_370423" aria-describedby="caption-attachment-370423" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-370423" src="https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56.png" alt="PNUTUSDT_2024-11-13_18-05-56" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-05-56-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-370423" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="3-buyers-dominate">3. Buyers Dominate</h2>
<p>The buy volume has exploded since the listing on Binance and is making higher highs. As long as this continues, PNUT has a good chance to go higher, with key targets at $1.6 and $2.1. While this is exciting, remember that this is a memecoin with no actual use case.</p>
<figure id="attachment_370422" aria-describedby="caption-attachment-370422" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-370422" src="https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34.png" alt="PNUTUSDT_2024-11-13_18-06-34" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/11/PNUTUSDT_2024-11-13_18-06-34-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-370422" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/peanut-pnut-price-prediction-for-this-week/" rel="noopener noreferrer nofollow">Peanut (PNUT) Price Prediction for This Week</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Peanut (PNUT) Price Prediction for This Week

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