PNUT’s 36% Drop Could Send It Back to All-Time Lows — Here’s Why

BE[IN]CRYPTO11-26 19:30

PNUT has dropped 36% in the past week, reflecting the waning of meme coin hype and increasing bearish pressure. The Super Trend indicator and declining RSI point to a continuation of the downtrend, ...

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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’s 36% Drop Could Send It Back to All-Time Lows — Here’s Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/pnut-may-drop-to-all-time-low/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PNUT has dropped 36% in the past week, reflecting the waning of meme coin hype and increasing bearish pressure. \nThe Super Trend indicator and declining RSI point to a continuation of the downtrend, ...</p>\n\n<a href=\"https://beincrypto.com/pnut-may-drop-to-all-time-low/\">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-may-drop-to-all-time-low/","article_id":"2486407245","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/10/bic_generic_memecoins_5-covers_bearish-850x478.jpg.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486407245","pubTimestamp":1732620600,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"PNUT has dropped 36% in the past week, reflecting the waning of meme coin hype and increasing bearish pressure.The Super Trend indicator and declining RSI point to a continuation of the downtrend, signaling potential further losses.With support at $0.97, a breach could send PNUT toward its all-time low of $0.03 unless market sentiment shifts positively.The price of Solana-based meme coin Peanut the Squirrel  has declined by double digits as the market’s meme coin mania wears off. PNUT trades at $1.09 as of this writing, shedding 36% of its value in the past seven days.With strengthening bearish pressure, PNUT’s price may revisit its all-time low of $0.031. This analysis delves into why.An assessment of the PNUT/USD 12-hour chart confirms the uptick in the meme coin’s selloffs. For example, as of this writing, PNUT’s price rests below the red line of its Super Trend indicator, which identifies the overall direction and strength of a trend in asset prices.PNUT Price Prediction: All-Time ","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下跌36%可能会使其回到历史低点——原因如下","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1},"content_text":"PNUT has dropped 36% in the past week, reflecting the waning of meme coin hype and increasing bearish pressure. \nThe Super Trend indicator and declining RSI point to a continuation of the downtrend, signaling potential further losses. \nWith support at $0.97, a breach could send PNUT toward its all-time low of $0.03 unless market sentiment shifts positively.\n\nThe price of Solana-based meme coin Peanut the Squirrel (PNUT) has declined by double digits as the market’s meme coin mania wears off. PNUT trades at $1.09 as of this writing, shedding 36% of its value in the past seven days.\nWith strengthening bearish pressure, PNUT’s price may revisit its all-time low of $0.031. This analysis delves into why.\nPeanut the Squirrel Loses Bullish Support\nAn assessment of the PNUT/USD 12-hour chart confirms the uptick in the meme coin’s selloffs. For example, as of this writing, PNUT’s price rests below the red line of its Super Trend indicator, which identifies the overall direction and strength of a trend in asset prices. \nThis indicator appears as a line on the price chart, with its colors changing based on the trend direction: red for a downtrend and green for an uptrend. When the red line of the Super Trend indicator is above the asset’s price, it signals a downtrend, suggesting that bearish momentum will continue.\nPNUT Super Trend. Source: TradingView\nAdditionally, PNUT’s declining Relative Strength Index (RSI) confirms the uptick in selling activity. At press time, the meme coin’s RSI is below the 50-neutral line at 45.81.\nThis indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a correction. Conversely, values under 30 indicate that the asset is oversold and may experience a rebound.\nAt 45,81, PNUT’s RSI signals the gradual decline in buying activity, indicating the potential for a sustained price drop.  \nPNUT RSI. Source: TradingView\nPNUT Price Prediction: All-Time Low on the Horizon\nPNUT currently trades at $1.09, just above the support level of $0.97. With bullish sentiment fading, the meme coin’s price risks breaching this support and continuing its downward trajectory. \nPNUT Price Analysis. Source: TradingView\nAccording to PNUT’s Fibonacci retracement tool, the next significant support level is at $0.55. If this level fails to hold, the token could potentially revisit its all-time low of $0.03.\nHowever, if market sentiment shifts from negative to positive, the PNUT meme coin price could climb toward $1.26, invalidating the bearish outlook.\n\n\n\n\nTop crypto projects in the US | November 2024\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\nChain GPT\nExplore\n                      \n\n\n\n\n\n\n\n\nTop crypto projects in the US | November 2024\n\n\nCoinrule\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\n3Commas\n\n\n\n\n\n\n\n\nChain GPT","kind":"highlight","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":"4.29.3","shortVersion":"4.29.3","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/2486407245"}