PNUT, the meme coin inspired by Peanut The Squirrel, is seeing a great price action at this time. After a period of relative silence, this asset has become strong, delivering crazy profits for the holders.
Only in the last 7 days, $ PNUT has increased by 91%, and in the last month, it has increased by 153%, which puts it again in the radar of the merchants.
He currently occupies the 157th position among all cryptocurrencies in CoinmarketCap, $ PNUT is still considered a medium capitalization jewel with a lot of space to grow.
Its market capitalization is around $ 337 million, which means that an impulse towards the level of one billion dollars could be on the horizon if the bullish impulse continues.
However, with such a strong side already registered, the question for new investors is clear: is it time to jump or is it a setback that comes?
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Peanut The Squirrel pricing analysis (PNUT)
The price table for the $ PNUT token during last week shows a strong bullish rupture after a prolonged period of consolidation.
From May 4 to the beginning of May 8, Token moved sideways in a tight range between $ 0.15 and $ 0.20, indicating a phase of accumulation with low volatility.
However, as of May 8, the PNUT price began to rise constantly and then increased sharply on May 9, breaking above the key level of resistance at $ 0.20.
This rupture marked the beginning of a powerful upward trend that pushed the price of the token up to $ 0.40 today, effectively doubling its value in just two days.
After this rapid increase, the price experienced a healthy setback, falling slightly but finding strong support around the area from $ 0.30 to $ 0.35.
This support area is now crucial to maintain the bullish impulse, since it suggests that buyers are intervening to defend these levels and keep intact the trend.
According to the current pattern shown in the token graph of $ Pnut, the perspective remains optimistic as long as the price is maintained above the support zone of $ 0.30.
If this level continues to act as a floor, $ PNUT could soon prove the recent maximum of $ 0.40, with the potential to break and point to the following levels of resistance around $ 0.45 to $ 0.50 in the short term.
On the other hand, if the price is not maintained above $ 0.30 and falls below this support, it can indicate a deeper correction towards $ 0.25 before finding stability.
In general, the strong increase followed by consolidation suggests that $ PNUT remains in an ascending trend, but the next few days will be critical to confirm whether you can maintain your upward trajectory or face a temporary setback.
Peanut The Squirrel (PNUT) Price Prediction
Looking to the future, if $ PNUT maintains its current impulse, a market capitalization objective of $ 1 billion is within reach, approximately 3 times at current levels.
This would place $ PNUT between the 100 main cryptocurrencies and probably activate listings in larger exchanges, further feeding its execution. However, time is everything. For long -term believers, accumulating setbacks makes more sense than pursuing green candles.
Meanwhile, another project is heating behind the scene, Abrexy (Solx)which is already doing waves even before its official launch.
Abrexy (Solx) rises quickly as investors look at the next break
For investors looking for the next big break, Abrexy (Solx) is a project to see. This new Solana Layer 2 solution has already raised $ 34.2 million in its presale, so it is the most successful ICO of the year.
With the launch date that is quickly approaching, the emotion is being built, and many investors see the ram as a possible 10x to 100X opportunity in the next market cycle.
An important development for the project is the official launch of its own layer block explorer, which allows users to search for transactions, programs, accounts, blocks and tokens. This launch shows Abraxy’s commitment to build a real infrastructure, not just exaggeration.
Designed to address the congestion of the Solana network, failed transactions and scalability problems, the attack is improving efficiency and reliability while maintaining the safety of Solana. This positions it as a key player in the ecosystem of layer 2.
With his testnet now live and rumors of listings in important exchanges such as Coinbase, Bybit and Binance, Solx is ready for an explosive launch. Investors still have time to participate in the presale, which accepts payments in Solana, Ethereum, USDT and credit cards.
Once bought, tokens can immediately bet to obtain rewards, with APSS of up to 117% annually, translating more than 12% in passive income every month before the Token officially lists.
As the launch approaches, the window to join the presale and gain betting rewards is quickly closed. ATMY VISIT.
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