PNUT Surges 16%, But Investors Flock To This Rival Meme Coin

The Peanut the Squirrel price surged 16% in the last 24 hours to trade at $1.67 as of 11:13 p.m. EST on trading volume that jumped 48% to $2 billion.

Peanut The Squirrel Price Gearing Up Towards A Breakout

The PNUT/USD chart on the 4-hour timeframe shows a descending triangle pattern formed over the past few weeks. Descending triangles are typically considered bearish continuation patterns, but the price has broken out of the triangle on the upper side, suggesting a potential bullish reversal.

According to data from GeckoTerminal, the breakout above the $1.27 resistance is confirmed by a slight increase in volume during the upward move, indicating growing interest in the Peanut the Squirrel price.

The $1.2360 (marked by the horizontal white line) is acting as a strong support level, as the price consistently respected this area during the consolidation.

Meanwhile, the Peanut the Squirrel price still trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which shows that the PNUT price may be gearing up towards a sustained breakout above the triangle.

The Relative Strength Index (RSI) is at 64.06, indicating moderate bullish momentum. Although not yet in the overbought region (>70), the RSI suggests there’s room for further upward movement before hitting resistance due to overbought conditions.

The Moving Average Convergence Divergence (MACD) line is above the signal line and both are in positive territory, confirming bullish momentum.

Peanut the Squirrel Price Prediction

According to the Peanut the Squirrel price analysis, PNUT is currently gearing up towards a sustained breakout. The breakout suggests a bullish trend, which if it continues, the price of Peanut the Squirrel is likely to test the next resistance levels around $1.6000 and $1.8000.

Conversely, a break back below $1.2360 could invalidate the bullish breakout and push the price toward the 200-day SMA at $1.0021, which would act as a critical support level in case of a bearish reversal.

Meanwhile, investors are rushing to buy the newly launched meme coin Catslap (SLAP), which ClayBro, a prominent crypto analyst with over 131K subscribers, says could be the next meme coin to surge 50X.

Last Chance To Buy Catslap Before Major Exchange Listing

$SLAP, the Slap-to-Earn clicker game marvel giving Popcat a run for its money, starts trading on the reputable centralized exchange MEXC on Friday Dec. 6, 1:00 p.m. UTC, just two weeks after it launched on decentralized exchanges.

Catslap is priced at $0.006441 after a 182% surge in the last week on a trading volume of $4 million, according to CoinGecko.

.@catslaptoken, crypto’s most aggressive feline, poised to attack even the highest market cap meme coins, is coming to #MEXCKickstarter 🚀

🗳Vote with $MX to share massive airdrops
📈 $SLAP/USDT Trading: 2024-12-06 13:00 (UTC)

Details: https://t.co/uSzjfMRcxi pic.twitter.com/sxEuNlYHpP

— MEXC (@MEXC_Official) December 5, 2024

This token, introduced on the Ethereum network, boasts a fully diluted market cap of more than $52 million and locked liquidity of $6.2 million.

Catslap captivates bulls with its viral narrative, the humor of its hilarious slapping game, and its active development. So far, the project has introduced staking, burning, buybacks, and Play-to-Earn mechanics through its Slap-to-Earn feature.

Players compete globally via its “Slapometer,” tallying slaps in a game that fosters an addictive, competitive environment. Its Slapometer has gone into overdrive already, with more than 228 million slaps unleashed and counting.

Its “Hot Token” status on Best Wallet, a fast-growing crypto wallet, connects it to over 60,000 users, boosting visibility and momentum.

Catslap’s staking feature offers a stellar 40% return.

You can purchase $SLAP Token from its official website here before it goes live on its first centralized exchange. 

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