CandleFocus PNUT’s 36% Drop Could Send It Back to All-Time Lows — Here’s Why
2024-11-26
Author: Content Editor
The price of Solana-based meme coin Peanut the Squirrel (PNUT) has dropped by 36% in the past week, signaling a decline in the market's interest in meme coins. The analysis shows that PNUT's selloffs have increased, with the Super Trend indicator signaling a downtrend. The coin's Relative Strength Index (RSI) is also declining, suggesting a decrease in buying activity. The current price of PNUT is $1.09, just above the support level of $0.97. If the support level is breached, the next support is at $0.55. However, if market sentiment improves, the price could climb to $1.26.
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