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The Peanut the Squirrel value pumped over 10% within the final 24 hours to commerce at $0.6129 as of three:40 a.m. EST as merchants rush to purchase the meme coin.
This soar within the PNUT value comes after main US crypto trade Coinbase introduced that it added a USD buying and selling pair for the meme coin.
Coinbase will add help for Peanut the Squirrel (PNUT) on the Solana community (SPL token). Don’t ship this asset over different networks or your funds could also be misplaced. Transfers for this asset can be found on @Coinbase & @CoinbaseExch within the areas the place buying and selling is supported.
— Coinbase Belongings 🛡️ (@CoinbaseAssets) January 13, 2025
Buying and selling for the crypto will start “on or after 9AM,” on Jan. 14, 2025, “if liquidity circumstances are met,” the trade stated in a Jan. 13 X thread.
Peanut The Squirrel Value Attempting To Breach Resistance
4-hour chart for PNUT/USD (Supply: GeckoTerminal)
The Peanut the Squirrel value bounced off of the $0.4651 help stage within the final 24 hours after which broke above the $0.5178 resistance. Now, the meme coin is making an attempt to flip the technical barrier at $0.6135 into help. Ought to the altcoin shut a 4-hour candle above this threshold throughout the subsequent 12 hours, it’d climb to as excessive as $0.7045.
However, a rejection from the $0.6135 resistance stage within the subsequent 12 hours may result in a pullback within the Peanut the Squirrel value. Merchants may then panic promote, which may push the meme coin value again to the $0.5178 mark. In an especially bearish situation, PNUT may even stand the danger of retesting the aforementioned $0.4651 help stage.
Technicals Level To A Continued Enhance In The Peanut The Squirrel Value
From a technical perspective, indicators on the meme coin’s 4-hour chart recommend the Peanut the Squirrel value may proceed to rise within the coming 24 hours. Each the Relative Energy Index (RSI) and the Transferring Common Convergence Divergence (MACD) level to a continued improve within the value of PNUT.
The MACD line briefly crossed under the MACD Sign line, however has since recovered. Now, with the prior positioned above the latter, the hole between the 2 technical indicators is beginning to develop. This means that PNUT’s bullish momentum is beginning to decide up steam.
In the meantime, RSI readings have risen within the final couple of hours. Merchants typically see rising RSI values as an indication of rising purchaser energy. This corroborates the bullishness proven by the MACD indicator.
If these technical indicators affect merchants’ choice making within the quick time period, the Peanut the Squirrel value may quickly flip the $0.6135 mark into help.
As PNUT tries to beat resistance, traders are piling into a brand new meme coin presale by the identify of Meme Index (MEMEX) to develop their crypto portfolios.
A number of specialists have stepped ahead to share their bullish predictions for MEMEX. Amongst them is standard crypto analyst and YouTuber ClayBro, with over 135K subscribers, who says Meme Index may obtain 26X progress within the anticipated meme coin supercycle.
Giving Buyers An Revolutionary Method To Achieve Publicity To Meme Cash
Meme Index is a pioneering challenge that makes it simpler for traders to achieve publicity to the highly-speculative and booming meme coin market. Central to the challenge are 4 distinctive funding baskets, which cater to traders of various threat appetites.
These baskets embody the Meme Titan basket, the Meme Moonshot basket, the Meme Midcap basket and the Meme Frenzy basket. Every of those funding merchandise affords a distinct risk-reward profile. By way of this diversified construction, traders are in a position to steadiness threat whereas additionally positioning themselves within the lighthearted sector of the crypto market.
What’s extra, every of the hampers affords traders the flexibility to spend money on a couple of meme coin, which may doubtlessly show to be much less dangerous than if an investor have been to go all in on one challenge.
These baskets are additionally adjusted on a frequent foundation, with MEMEX holders having the chance to say which tokens must be added or faraway from the challenge’s baskets.
MEMEX Raises Over $2.3 Million In Presale – Greatest Crypto To Purchase Now?
Meme Index has already raised greater than $2.3 million by means of its ongoing presale, signaling sturdy investor confidence within the challenge’s future. With the chance to spend money on a number of meme cash without delay, mixed with the bullish predictions from specialists akin to ClayBro, it’s no surprise a shopping for frenzy has erupted across the new meme coin.
Anybody that wishes to get in on the bottom phases of the challenge can accomplish that by buying MEMEX by means of the straightforward purchase widget embedded on the challenge’s web site. Promoting for $0.0152243, MEMEX might be purchased with both ETH, USDT or financial institution card.
As soon as bought, traders even have the chance to earn excessive passive crypto rewards by means of the challenge’s staking initiative. Anybody who buys and locks up MEMEX now will unlock entry to an enormous 979% APY.
Purchase earlier than a value hike in lower than 2 days to lock in the perfect deal.
Go to MEMEX right here.
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