PNUT Price Falls 30% in One Week, Yet Path to Recovery Remains Possible

BE[IN]CRYPTO11-21 16:45

Peanut the Squirrel (PNUT) drops 30% to $1.36 but shows recovery potential as Weighted Sentiment hits a historic low. The RSI on the 1-hour chart is rising, signaling improving bullish momentum that ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPNUT Price Falls 30% in One Week, Yet Path to Recovery Remains Possible\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 16:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/pnut-recovery-remains-possible/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Peanut the Squirrel (PNUT) drops 30% to $1.36 but shows recovery potential as Weighted Sentiment hits a historic low.\nThe RSI on the 1-hour chart is rising, signaling improving bullish momentum that ...</p>\n\n<a href=\"https://beincrypto.com/pnut-recovery-remains-possible/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://beincrypto.com/pnut-recovery-remains-possible/","article_id":"2485090452","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/09/bic_Generic_Memecoins_3-covers_neutral-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485090452","pubTimestamp":1732178707,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Peanut the Squirrel  drops 30% to $1.36 but shows recovery potential as Weighted Sentiment hits a historic low.The RSI on the 1-hour chart is rising, signaling improving bullish momentum that could drive PNUT above its current value.If bulls hold $1.31 support, PNUT could rally to $1.64 or even $1.94; increased selling pressure risks a decline to $1.26.Peanut the Squirrel , the meme coin that recently surpassed a $2 billion market cap, has experienced a sharp 30% price drop in the past week, bringing its value down to $1.36. However, emerging signals suggest that PNUT’s recovery might be just around the corner.While some traders may wait for further discounts, this analysis indicates that the opportunity to buy at these lower levels could be closing fast.Bearish Sentiment Around Peanut the Squirrel Could Fuel Bounce. One key indicator hinting at a potential PNUT recovery is the Weighted Sentiment, which evaluates market perception using social volume. A positive sentiment typically ref","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","RSI":"Rush Street Interactive, Inc."},"translate_title":"PNUT价格一周内下跌30%，但复苏之路仍有可能","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1},"content_text":"Peanut the Squirrel (PNUT) drops 30% to $1.36 but shows recovery potential as Weighted Sentiment hits a historic low.\nThe RSI on the 1-hour chart is rising, signaling improving bullish momentum that could drive PNUT above its current value.\nIf bulls hold $1.31 support, PNUT could rally to $1.64 or even $1.94; increased selling pressure risks a decline to $1.26.\n\nPeanut the Squirrel (PNUT), the meme coin that recently surpassed a $2 billion market cap, has experienced a sharp 30% price drop in the past week, bringing its value down to $1.36. However, emerging signals suggest that PNUT’s recovery might be just around the corner.\nWhile some traders may wait for further discounts, this analysis indicates that the opportunity to buy at these lower levels could be closing fast.\nBearish Sentiment Around Peanut the Squirrel Could Fuel Bounce\nOne key indicator hinting at a potential PNUT recovery is the Weighted Sentiment, which evaluates market perception using social volume. A positive sentiment typically reflects bullish market commentary, often driving increased demand and price growth. Conversely, negative sentiment signals bearish sentiment across the market.\nHowever, extreme readings in Weighted Sentiment can trigger contrarian moves. For instance, overly bullish sentiment might precede a price correction, while extreme negativity often sets the stage for a rebound.\nAccording to Santiment data, PNUT’s Weighted Sentiment has plunged to a historic low of 0.12. This deeply bearish sentiment suggests market pessimism, but its extremity could fuel what’s known as a “hated rally,” where overwhelming negativity ignites an unexpected recovery.\nPeanut the Squirrel Weighted Sentiment. Source: Santiment \nFurther, the Relative Strength Index (RSI) is another indicator suggesting that the Solana meme coin’s value could erase part of its losses. The RSI is a technical oscillator that uses the speed and size of price changes to measure momentum.\nWhen the reading drops, the momentum is bearish. Conversely, if the RSI reading rises, the momentum is bullish. \nOn the 1-hour chart, even though the indicator is below the 50.00 midpoint, the rating has increased from yesterday. Should this rating continue to surge, then PNUT’s price might rise higher than $1.36.\nPeanut the Squirrel RSI. Source: TradingView \nPNUT Price Prediction: Rally Toward $1.94 Begins\nLooking at the same 1-hour timeframe, BeInCrypto observed that the trading volume around PNUT has increased. However, it is important to note that both buyers and sellers are still involved in transacting the token.\nStill, it appears that bulls are defending the price at $1.31. If this remains successful, then PNUT’s price could rally toward $1.64 in the short term. In a highly bullish situation, PNUT recovery could see the price climb to $1.94.\nPeanut the Squirrel 1-Hour Analysis. Source: TradingView \nOn the other hand, if selling pressure increases, this might not happen. Instead, the meme coin’s value could drop to $1.26 in the short term.\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nBitpanda\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nBYDFi\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nBitpanda\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485090452"}