Peanut

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Coin

The Peanut The Squirrel price dropped 9% in the last 24 hours to trade at <a href="https://coinmarketcap.com/currencies/peanut-the-squirrel/" rel="noopener noreferrer nofollow">$1.6261</a> as of 2 a.m. EST on trading volume that dropped 20% to $1.26 billion.
The token’s price has been skyrocketing between November 4 and 14, when it climbed to an all-time high (ATH) at $2.47. Since then, however, its price corrected and has been stuck between a support at $1.6 and a resistance at $2.
This means that the PNUT token has been relatively stable, and on a weekly basis, its growth is still exceptional, going beyond 239%. However, on a day-to-day basis its price has been seeing significant fluctuations.
While this opens the door for day traders to make their move, and indeed, many have used its fluctuations to make small bits of profit multiple times throughout the day. However, the fact that Peanut The Squirrel price is seeing such sharp drops is interesting, as the token has plenty of reasons for growth in terms of fundamental analysis.
Just yesterday, KuCoin Earn <a href="https://www.kucoin.com/announcement/kucoin-earn-will-be-launching-the-pnut-saving-coin?utm_source=TwitterContent" rel="noopener noreferrer nofollow">announced</a> the launch of the new PNUT saving coin as part of a major PNUT promotion.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 💰KuCoin Earn Will Be Launching the <a href="https://twitter.com/pnutsolana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@pnutsolana</a> <a href="https://twitter.com/search?q=%24PNUT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PNUT</a> Saving
 ⏰Activity Start: 10:00:00 on November 18, 2024 (UTC)
 Details: <a href="https://t.co/LpeJn1LI0j" rel="noopener noreferrer nofollow">https://t.co/LpeJn1LI0j</a> <a href="https://t.co/81pqDKc0vB" rel="noopener noreferrer nofollow">pic.twitter.com/81pqDKc0vB</a>
 — KuCoin Earn (@KuCoin_Earn) <a href="https://twitter.com/KuCoin_Earn/status/1858408300414722320?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 18, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
However, the market fluctuations still affect the token strongly enough to cause it to see negative performance in spite of positive news.
<h2 id="peanut-the-squirrel-price-prediction">Peanut The Squirrel Price Prediction</h2>
The PNUT chart reveals that the token is quick to bounce back, however, which it does as soon as the situation allows it. However, such bursts of growth and recovery are typically quick and short, as some of the technical indicators might suggest.
For example, the token’s Bollinger bands have started seeing a sharp widening in the past few hours as the price started recovering from the drop seen in the past day and a half. PNUT’s recovery is rapid, which might lead it back to one of the higher resistances, perhaps even $2, although this is unlikely, given another technical indicator.
<img decoding="async" class="aligncenter size-full wp-image-600347" src="https://insidebitcoins.com/wp-content/uploads/2024/11/Peanut-The-Squirrel-Price-Prediction-2.png" alt="Peanut The Squirrel Price Prediction" width="1794" height="901" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/Peanut-The-Squirrel-Price-Prediction-2.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/11/Peanut-The-Squirrel-Price-Prediction-2-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/Peanut-The-Squirrel-Price-Prediction-2-1024x514.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/Peanut-The-Squirrel-Price-Prediction-2-768x386.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/11/Peanut-The-Squirrel-Price-Prediction-2-1536x771.png 1536w" sizes="(max-width: 1794px) 100vw, 1794px">
According to the Relative Strength Index (RSI). the PNUT price could soon see a rejection, possibly after nearing the price of $1.8. The RSI, a metric that shows whether traders are overwhelmingly buying or selling, has revealed that PNUT purchases have skyrocketed in the last four hours or so.
However, this also pushed the RSI up to the overbought zone, which means that opportunity seekers are likely to sell as soon as the RSI value hits 70. This is where the overbought zone begins, and this value is typically when traders start taking profit.
As a result, PNUT could see another rejection and its price could drop back down toward a support at $1.55. For the moment, the token is pushing the upper band further up, even exceeding the borders of Bollinger bands, but such growth rarely lasts for long, so anyone looking to buy the popular squirrel meme coin should consider waiting for a better opportunity.
<h2 id="promising-alternative-to-peanut-the-squirrel">Promising Alternative To Peanut The Squirrel</h2>
While you wait for the right time to buy PNUT, consider joining another promising meme coin project, preferably one in the ICO stage, such as <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Flockerz (FLOCK)</a>. Buying a coin while it is still in presale ensures that you do not have to worry about sharp price fluctuations for a while, and buying a promising project could mean significant earnings if its price surges after it enters circulation.
Flockerz does seem like a highly promising meme coin, and its ICO has already raised over $2.35 million. The project focuses heavily on building and maintaining an active community, to the point where it developed a new model called Vote-To-Earn (V2E). Its purpose is to incentivize community members to stick around and regularly participate in token governance.
<img decoding="async" class="aligncenter size-full wp-image-600094" src="https://insidebitcoins.com/wp-content/uploads/2024/11/FLOCK-Tweet-1.png" alt="" width="486" height="678" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/FLOCK-Tweet-1.png 486w, https://insidebitcoins.com/wp-content/uploads/2024/11/FLOCK-Tweet-1-215x300.png 215w" sizes="(max-width: 486px) 100vw, 486px">
In return, they get rewarded with <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">FLOCK</a>, the project’s native token, whenever they join the vote in order to make a project-related decision. In doing this, Flockerz ensures that its community will be active because their participation no longer depends on their interest in decision-making, but rather on their interest in making a profit.
Once they receive their FLOCK rewards, they can also stake the tokens and earn major staking rewards, currently at 884%.
Flockerz has great potential to keep growing and attracting more token holders, who are then likely to keep the tokens they bought and earn more through governance, which also ensures that the project maintains high levels of decentralization. Crypto YouTuber ClayBro, who as over 131k subscribers, recently speculated that FLOCK has at least 10x potential and that it could explode in 2025.
<iframe title="Flockerz Token Is Expected To Explode During 2025! Here's How High!" width="640" height="480" src="https://www.youtube.com/embed/rMq6x2yUA48?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
Whether this will happen or not remains to be seen, but for now, Flockerz remains as one of the most promising new meme coin ICOs, and as such, it is quite worth considering.
<a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Visit FLOCK official website.</a>
<h3 id="related-articles">Related Articles:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/flockerz-price-prediction" rel="noopener noreferrer nofollow">Flockerz Price Prediction – FLOCK Price Potential in 2024</a></li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/how-to-buy-flockerz" rel="noopener noreferrer nofollow">How to Buy Flockerz – $FLOCK Presale Review</a></li>
 <li><a href="https://insidebitcoins.com/news/new-meme-coin-flockerz-blasts-past-700k-in-presale-as-uptober-ignites" rel="noopener noreferrer nofollow">New Meme Coin Flockerz Blasts Past $700K In Presale As ‘Uptober’ Ignites</a></li>
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Peanut The Squirrel Price Prediction: PNUT Plunges 9% As Investors Flock To This Vote-To-Earn Meme Coin For Its 903% Staking APY

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