- The price of peanuts increased the squirrel (PNUT) by 20.80 % over the past 24 hours from 0.1596 dollars to $ 0.1928.
- The total market value of encryption is $ 2.95 trillion, while the daily trading volume decreased by 22 % to 144 billion dollars.
- PNUT faces strong resistance at $ 0.2406 and keeps $ 0.1600 as strong support as the upscale momentum cools.
The encryption market is recovered from the last recession, as the maximum of the total market has risen to $ 2.95 trillion. In the midst of upscale emissions, the trading volume decreased 24 hours by 22 % to 144 billion dollars. Although this pioneering altcoins is gaining momentum, the Memecoin market also saw a large recovery and the total maximum market increased by 6 % to $ 58.20 billion.
Sudanese bean The Squirrel (PNUT), which is the Solana -based MICON, was among the best artists, increasing by 20.80 % over the past 24 hours to trade at $ 0.1758. This gathering started on February 23, 2025, when the PNUT rose from $ 0.1300 to a peak of $ 0.2300. After facing the resistance at $ 0.2300, the price has been recovered to $ 0.1400, but it has been recovered since then.
At the time of the press, Memecoin recovered, and it is traded at $ 0.1735, which prompted the weekly gain to 25 %, according to CMC Data. Despite the bullish momentum, the PNUT decreased by 30 % on the monthly graph. Moreover, the maximum market and trading volume increased to $ 173 million and $ 336 million, respectively.
Will PNUT the main resistance over $ 0.2400?
Technical indicators on the hourly chart indicate that PNUT is circulating on a bullish path. However, the bullish momentum cools as the pressure pressure begins to control the pnut market.
The Red Candlesticks began the declining direction on the graph when the price procedure reached $ 0.2011 to sign the upper strength. The subsidy point of $ 0.1600 remains strong, which will stop any possible trend in the upscale style.
Technical indicators such as the RSI and the average medium rapprochement (MACD) show a thunderbolt look. RSI has changed its direction and directions up at 50 indicators, indicating additional space for growth before reaching the peak area of the analogy that may pay the price up.
In addition, the MACD index turns from its negative state to positive as the red tapes begin to fade away from the graph. Thus, this indicates an increase in the purchase of pressure.
If the current momentum holds, a $ 0.2011 break can pave the way for a new trip towards the main resistance at $ 0.2406. Buyers should continue to carry the top hand so that the bulls can pay the PNUT price over these main levels.
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