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PNUTUSDT trade ideas

PNUT/USDT Analysis: Triangle Breakout in PlayPNUT/USDT Analysis: Triangle Breakout in Play 📈🚀 The 1-hour chart for PNUT/USDT on Binance shows a symmetrical triangle formation, which often signals a continuation pattern. A breakout from this triangle could indicate the next direction for the price. Key Levels and Setup: Current Price: Trading around 2.1389 USDT, with a potential for upward movement. Target Level: 2.9844 USDT – A breakout to the upside from this triangle could lead to a 47.90% increase, reaching the target level if buying momentum kicks in. Stop Loss: 1.6679 USDT – A break below this level would invalidate the bullish setup and suggest a potential downside. Technical Outlook: If PNUT breaks out of the triangle pattern with high volume, it could signal a strong move toward the upper target. However, patience is needed until a decisive breakout confirms the trend direction. #PNUTUSDT 🚀 #CryptoBreakout 📈 #TechnicalAnalysis #TrianglePattern #CryptoMarket
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by VIPROSE
2
PNUT: A Massive Move Could Be Around The Corner!If you're looking to trade PNUT at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 1.96$ and take profits at the levels shown in the chart. Targets: 1. 2$ 2. 2.1$ 3. 2.2$ ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
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by MBM_Crypto
PNUT Memecoin Has Surged by Over 1400% in a WeekThe crypto space is no stranger to meteoric rises, but the emergence of $PNUT has left the market buzzing. With a jaw-dropping 1400% increase in value in just one week, this memecoin has skyrocketed to the forefront of the industry, boasting a market cap of over $1 billion. In just two weeks since its launch, PNUT has cemented its place among the top 100 cryptocurrencies. A Heartfelt Tribute: The Story Behind PNUT PNUT isn't just another memecoin—it carries a poignant story that has captured the imagination of crypto enthusiasts and beyond. The coin was created in memory of Peanut the Squirrel, a beloved animal companion who, along with Fred the raccoon, was taken from his owner, Mark Longo, and tragically euthanized. The story gained widespread attention when Elon Musk shared it on X (formerly Twitter), sparking a wave of sympathy and interest. Musk’s post acted as a catalyst, amplifying PNUT's visibility and driving its adoption across the crypto community. The Binance Listing: A Game-Changer Another pivotal moment in PNUT’s meteoric rise was its listing on Binance, one of the world’s largest cryptocurrency exchanges. The listing brought PNUT to a global audience, making it accessible to millions of traders and investors. Technical Analysis At the time of writing, PNUT is up 3.18%, trading within a symmetrical pattern that suggests potential for further growth. The next significant resistance level lies at the $2.35 pivot, which traders are eyeing closely. PNUT has held steady at the $1.6 support, a key level that reflects strong buying interest and resistance to bearish pressure. The Relative Strength Index (RSI) indicates robust market momentum, signaling that PNUT is maintaining its bullish trajectory despite minor corrections. With the current momentum and meta surrounding its story, some traders are setting ambitious targets of $5, although achieving this level would require sustained buying pressure and market sentiment. Beyond a Memecoin: The PNUT Movement While $PNUT began as a memecoin, it has quickly evolved into a symbol of community and shared values. Its rise highlights the power of storytelling in the crypto world, where narratives can drive both emotional and financial investment. The coin’s unique origin, combined with strong technical performance and high-profile endorsements, has positioned it as more than just a fleeting trend. PNUT’s ascent underscores the potential for memecoins to transcend their playful beginnings and achieve lasting impact in the crypto ecosystem. The Road Ahead for PNUT As PNUT continues to gain traction, it faces the challenge of maintaining its momentum. Key factors to watch include: - Sustained community engagement: The coin’s success hinges on its ability to keep its story and purpose alive in the public eye. - Market developments: Listings on additional exchanges and partnerships could further boost PNUT’s visibility and adoption. - Broader crypto trends: As the market evolves, PNUT’s price movement will likely reflect broader sentiment and investor appetite. Conclusion PNUT's rise is a testament to the unpredictable nature of the crypto market. From its heartfelt origin story to its remarkable technical performance, $PNUT has captivated a global audience and redefined what a memecoin can achieve. Whether it reaches the ambitious $5 target or stabilizes at current levels, one thing is certain: PNUT has made its mark on the crypto world, proving that even the smallest stories can spark the biggest movements.
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by DEXWireNews
PNUT/USDT New Ath Expected PNUT/USDT: Gearing Up for a Breakout Above Trendline Resistance PNUT/USDT is shaping up for an exciting move 📈 as it approaches a critical trendline resistance zone 📊. The price has been consolidating tightly, creating the perfect setup for a potential breakout 💥. If the breakout happens, we could see a strong bullish trend unfold 🚀. Keep a close eye 👀 on this pair and wait for confirmation before acting. Key insights: 1. Trendline resistance: PNUT/USDT is approaching a long-standing trendline that has previously acted as a barrier. A break above this could mark the start of a strong upward move. 2. Volume surge: Watch for a significant increase in trading volume during the breakout to confirm buyer strength 🔥. 3. Bullish signals: Momentum indicators like RSI and MACD are trending positively ⚡, supporting the case for a bullish breakout. Steps to confirm the breakout: - Look for a clear 4H or daily candle closing above the trendline 📍. - A noticeable spike in volume during the breakout can signal strong buying activity 📊. - A retest of the broken resistance as a new support zone adds credibility to the move ✅. - Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️. Potential targets (post-breakout): - Initial resistance: - Next target: Risk management strategies: - Use stop-loss orders to manage your risk effectively 🔒. - Ensure position sizing aligns with your overall trading strategy 🎯. This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
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by Crypto-By-Ghazi
$PNUT honeymoon delayed until further noticePNUT has been the talk of the town, especially since it recently went brazy following major exchange listings. I am thinking it will cool off for a bit. A fall down to the 1.25 area based on previous trend levels is a slight possibility, but the indicators are showing a long for hte near term. The major exchanges are now competing with each other for who is listing what meme coins. Expect random pops from such events. NFA www.tradingview.com
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by cerd214
PNUTUSDT SFP LONG | 70% Rally ?In today’s analysis - PNUTUSDT - trading in a local corrective phase, an acceleration towards a key low will allow for a long trade entry. Points to consider ✍️ - Falling Wedge Pattern - Value Area Low - Value Area High -Point of Control S/R - Swing High Objective The current price action is at Value Area Low, here a bottoming structure will signify strengthen in PNUTUSDT. A Falling Wedge pattern can be observed, the apex zone is in confluece with a key low. This increases the probability of the region being tested with a Swing Failure type of price action. Overall, from Bitcoin Insider’s perspective, PNUTUSDT is a valid long with defined risk, price action it to be used upon discretion/ management once the targeted low gets taken out. ✍️
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by AzizKhanZamani
PNUT to MoonThe Falling Wedge pattern is a bullish reversal formation that typically appears after a downtrend and signals the possibility of an upward breakout. Traders look for a breakout above the upper trendline, with increased volume as confirmation. The pattern is characterized by converging trendlines, a decreasing rate of decline, and a potential for significant price movement once the breakout occurs. It’s a valuable chart pattern for traders looking for reversal opportunities, but it is important to combine it with other technical indicators to increase the probability of success.
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by TradeTotkay
Peanut the Squirrel | Forget Dogs, It's Squirrel Season!Wen Squirrels Take Over Binance: The Rise of 'Peanut' in the Crypto Jungle Binance’s listing approach continues to surprise, recently bypassing several billion dollar meme coins in favor of two niche, lowcap tokens.the latest additions, “Peanut the Squirrel” and “Act I: The AI Prophecy”, have seen substantial growth post listing. Could this indicate that Binance plans to list more meme coins as the current bull market continues? Binance Listing Fees Drama Listing on Binance is typically costly, yet the major crypto exchange has waived fees for PNUT and ACT, simplifying the process for new projects. Co founder Yi He disclosed on X that the listings were free for both tokens, shortly after a debate on the platform where he was accused of charging excessively for listings. The free listings came as a surprise to the market! Before their listings, PNUT’s market cap was $123 million, while ACT’s was only $20 million. In choosing these tokens, Binance passed over larger-cap alternatives. In September, it similarly opted for the lower-cap "First Neiro On Ethereum" over the more established "Neiro Ethereum," citing a preference for community-driven, organic projects. Since their listings, both PNUT and ACT have experienced rapid price increases. Peanut the Squirrel’s price is currently $0.83, an 90% gain over the past 24 hours. Its all time high of $0.90 was reached on November 13, 2024, putting it just 5% below that peak. With a circulating and max supply of 999.86 million tokens, PNUT’s trading volume over the past 24 hours is $1.27 billion, making Binance its most active exchange. It holds 0.03% of the total crypto market, with a market cap of $804.81 million.
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by moonypto
Peanut the Squirrel (PNUT): A coin Surge Driven by Social MediaPeanut the Squirrel ($PNUT) has become one of the most intriguing memecoins to capture the attention of cryptocurrency enthusiasts in recent weeks. Launched in the wake of a tragic event involving Peanut, the squirrel that became an internet sensation, the coin has witnessed explosive price growth and increasing market interest. But beyond the viral headlines and social media frenzy, a closer examination of both technical and fundamental factors shows that PNUT has all the hallmarks of a speculatively-driven asset poised for continued momentum. A Viral Meme Coin The story behind Peanut the Squirrel begins with the tragic death of the beloved rodent. Known for its viral fame on social media, Peanut the Squirrel was a pet of influencer Paul Longo, whose squirrel became an unlikely celebrity thanks to a series of popular videos. However, tragedy struck when the New York State Department of Environmental Conservation (NYSDEC) raided Longo's home, seized Peanut, and euthanized the animal under controversial circumstances. The incident quickly went viral, sparking outrage and sympathy across social media platforms. This viral wave helped to propel the launch of PNUT, a meme coin created in Peanut's memory. It follows in the footsteps of other famous meme coins like Dogecoin and Shiba Inu, tapping into the power of internet culture and community-driven movements. Since its launch, $PNUT has built a substantial following. The coin currently boasts over 45,000 holders, 23,000 followers on X (formerly Twitter), and more than 6,000 Telegram members. With its lighthearted origins and growing community, $PNUT has garnered attention from retail traders looking to capitalize on its meme value. The coin has also benefitted from media attention and support from prominent figures in the crypto space, including Elon Musk, whose social media commentary often drives market movements. Technical Analysis From a technical perspective, PNUT’s chart tells a story of explosive growth followed by consolidation. Over the last 24 hours, PNUT’s price has surged by 251%, reaching a high of $0.45 before retracing to around $0.3812. This dramatic increase follows a period of consolidation near the $0.10 level, where buying and selling pressures were balanced. On November 10, PNUT broke out of this consolidation range, signaling a shift in momentum as buyers stepped in. However, the Relative Strength Index (RSI) currently sits at 46. An RSI above 70 typically indicates that an asset is overbought, and in this case, PNUT may be due for a price surge. As the price cools off and market sentiment stabilizes, it’s possible that PNUT could retrace before making another push higher. Falling Wedge Pattern One of the more intriguing technical aspects of PNUT’s chart is the formation of a falling wedge pattern on the 45-minute timeframe. This pattern, often associated with bullish reversals, signals that the current downtrend may soon give way to a strong upward move. The breakout from the wedge has already led to a 9% price increase, suggesting that the coin may be on the cusp of another upward leg, particularly if broader market sentiment remains favorable. Market Sentiment At the heart of Peanut the Squirrel’s success is its community-driven nature. The viral video, the tragic backstory, and the meme culture surrounding the coin have created a loyal fanbase of traders and holders who are emotionally invested in the coin’s success. As with other meme coins, sentiment plays a significant role in driving price movements, and the $PNUT community has proven to be a major catalyst for its growth. Moreover, the token’s quick success following its launch highlights the potential for speculative trading in the meme coin space. While the project has no clear utility or long-term roadmap at the moment, its market cap has already surpassed $530 million, with over $1 billion in 24-hour trading volume. These figures point to a high level of speculative interest, which is a common characteristic of the memecoin market. Conclusion Peanut the Squirrel (PNUT) represents a fascinating case study in the world of meme coins. Its technical indicators suggest strong bullish momentum. On the fundamental side, the viral story and growing community provide a solid foundation for its price action, but as with all meme coins, the volatility and speculative nature of the asset must be carefully considered. For traders looking to get in on the action, it is essential to balance enthusiasm with caution. As PNUT gains attention and its community continues to grow, it could present opportunities for short-term gains, but longer-term success may depend on broader market conditions and the development of additional use cases or utility.
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by DEXWireNews