Peanut the Squirrel Crypto Surges 77% - Could This Be the Next Crypto to Skyrocket?
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The price of the adorable meme coin Peanut the Squirrel (PNUT) has soared an astounding 77% in the past 24 hours, currently trading at $0.28394 as of 4:25 a.m. EST. This surge came with an incredibly impressive trading volume that surged 592%, hitting $625 million.
Peanut the Squirrel on a Mission to the Moon
The PNUT chart shows a decisive breakout from a long-term descending wedge pattern, a bullish reversal formation that’s been in the making since late January. This pattern, represented by the A-B-C-D sequence and converging trendlines, has finally resulted in a jaw-dropping price explosion. The breakout occurred with a powerful impulse, pushing the PNUT price from a recent low of around $0.215 to its current level of roughly $0.284.
This breakout was supported by PNUT's move above the 50-day Simple Moving Average (SMA), a clear technical signal that the downtrend may be turning into a new bullish phase. The 50-day SMA is now acting as a dynamic support level around $0.164, suggesting a resilient base for price continuation if the breakout remains intact.
Meanwhile, the RSI is currently sitting at 77.02, placing it squarely within the overbought territory. Although this indicates the asset may face short-term selling pressure or consolidation, it also confirms the presence of strong bullish momentum, especially in the context of a wedge breakout.
The Moving Average Convergence Divergence (MACD) is also giving bullish signals. The MACD line (blue) has crossed above both the signal line (orange) and the zero line, marking a shift from bearish to bullish momentum.
PNUT/USDT Chart Analysis (Tradingview)
Peanut's Moonshot: Can PNUT Soar 99%?
Fibonacci retracement levels drawn from the previous high to the recent low suggest the immediate target appears to be around the 0.786 level at $0.57195, with additional targets near $0.99685 (0.618 retracement) and $1.29530 (0.5 retracement) if the bullish trend persists.
If the breakout holds, the price is likely to test the 0.786 Fibonacci level at $0.57195 in the near to mid-term, representing a potential 99% gain from the current price.
It's important to note that due to the overbought RSI, a short-term pullback or sideways consolidation might occur prior to continuation, with the $0.1198 level acting as a stable support within the lower boundary of the wedge.
All the while, investors are flocking to a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which promises free BTC to token holders whenever the BTC price hits specific milestones.
Jacob Bury, a popular YouTuber with over 56.3k subscribers, forecasts that BTCBULL has the potential to spike 10X after its launch.
BTC Bull Token Pre-Sale Surges Towards $6 Million
The BTC Bull Token pre-sale is emerging as one of the most ambitious opportunities in the crypto sphere. Built upon Bitcoin's projected momentum, the project is based on the belief that Bitcoin’s value will surge to $1 million in the coming years, or even higher.
BTC Bull Token owners will receive airdrops of actual Bitcoin when the BTC price hits significant milestones. These commence with $150,000 and continue in increments of $50,000. The meme coin's pre-sale has managed to amass over $5.4 million in investments.
Each $25,000 increase in Bitcoin’s price, beginning at $125,000, will also trigger a BTCBULL token burn, making the meme coin scarce and enhancing the bullish outlook for the token.
🚨 $BTCBULL goes live on Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin-rewarding meme token that delivers milestone-based airdrops as the Bitcoin price rises.
With incentives for buying, holding, and trading, $BTCBULL offers a unique way for users to accrue BTC.... pic.twitter.com/BMzBHcLltU
- Best Wallet (@BestWalletHQ) February 10, 2025
A massive BTCBULL token airdrop awaits long-term hodlers when BTC hits $250,000, the payout being determined by the investor's "Community Sale purchase amount."
BTCBULL token holders will also have the opportunity to earn passively through the project's staking platform, offering an impressive 75% annual percentage yield (APY).
Investors interested in participating in the pre-sale can visit the official BTC Bull Token website to acquire BTCBULL tokens for $0.002505 each using BNB, ETH, USDT, or a bank card.
Buy now to secure the best deal before the price soars!
Pile into BTC Bull Token.
Related Articles:
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- The surge in the price of Peanut the Squirrel (PNUT) and the increasing interest in BTC Bull Token (BTCBULL) highlight the ongoing excitement in finance and investing, as both cryptocurrencies show impressive potential for returns.
- In the general-news sector, discussions about technology are not limited to PNUT and BTCBULL, as events such as the potential integration of stablecoins throughout Meta's products and the impact of US-UK trade deals on crypto prices continue to shape the financial landscape.
