Recent Developments & Sentiment Context
PNUT token, or “Peanut the Squirrel,” has a pretty wild origin story that’s been fueling its price action. The whole thing kicked off in early November 2024 after a pet squirrel named Peanut was seized and euthanized, sparking massive public outrage and the viral #JusticeForPeanut movement. This emotional backstory created a devoted community and gave the meme coin some serious early momentum. But things got complicated when Peanut’s owner called out a major exchange for supposedly using Peanut’s image without permission, which brought up some tricky questions about intellectual property in the meme coin world.
Sure, those early gains were absolutely insane—we’re talking 75× returns from the bottom—but the hype seems to be cooling down now. Interestingly, whales have been buying the dip, though that doesn’t eliminate the risk inherent in meme coin volatility and potential regulatory headaches. Right now, there’s no real utility or roadmap that anyone can point to, which means PNUT’s price is basically riding on narrative and how much liquidity flows in and out.
Technical Analysis: Indicators & Key Levels
At the moment, PNUT is trading around $0.05089, down about 0.25% over the last 24 hours. Looking at the 4-hour chart, the Relative Strength Index (RSI) is sitting at roughly 52.3—pretty much neutral territory. The MACD is slightly below its signal line with a tiny negative histogram of about −0.00018, hinting at some mild bearish momentum creeping in.
The moving averages are painting a mixed picture too. The 4-hour Simple Moving Average (SMA) is around $0.05014, while the Exponential Moving Average (EMA) is a touch higher at $0.05035. Price is hanging just above the SMA but slightly below the EMA, which shows there’s some indecision in the market right now. For daily pivot points, resistance levels are at R1 ≈ $0.05147, R2 ≈ $0.05203, and R3 ≈ $0.05257. On the support side, we’ve got S1 ≈ $0.05037, S2 ≈ $0.04983, and S3 ≈ $0.04927. The daily pivot center is at $0.05093.
Intraday and Short-Term Outlook (Next 12-72 Hours)
Over the next couple of days, expect PNUT to bounce around between roughly $0.0500 and $0.0525. If it manages to push above R1 (around $0.05147) with decent volume, we could see it test R2 ($0.05203) and maybe even R3 ($0.05257). On the flip side, if it drops below S1 ($0.05037), watch for a potential slide to S2 ($0.04983) or S3 ($0.04927). Given that slight MACD negativity, a small pullback seems more likely unless meme coin sentiment suddenly shifts positive.
Medium-Term Forecast & Risk Factors
Looking ahead a few weeks, PNUT will probably try to consolidate somewhere between $0.0480 and $0.0550. If something catches fire—maybe a viral moment, a big exchange listing, or an influencer jumping on board—we could see a spike above $0.060. But let’s be real, these meme coin pumps usually don’t last long. For any sustainable upside, PNUT would need to reclaim the $0.070 area, which would signal a shift from pure speculation to something resembling a real recovery.
That said, there are some serious risks here. Without any actual utility or development plans, PNUT’s price is vulnerable to sudden sentiment shifts—whether that’s from regulatory issues around IP misuse, general meme coin exhaustion, or whales deciding to dump. Keep an eye on volume: weak liquidity during rallies usually means sharp drops are coming.
Price Prediction Scenarios
Bearish scenario: If PNUT falls below the key support around $0.0498, we could see it drop to the $0.044–$0.048 range, especially if the broader crypto market turns sour. Breaking below $0.045 would likely trigger another leg down.
Neutral consolidation scenario: PNUT stays range-bound between $0.048 and $0.055, bouncing around those 4-hour moving averages with occasional pokes at resistance near $0.052. Without any major news, this sideways action could drag on for a while.
Bullish breakout scenario: With the right catalyst and strong volume, PNUT could break through resistance into the $0.060–$0.065 zone. If momentum really builds, we might even see a revisit to $0.070 and beyond. But any move above $0.055 will likely face heavy resistance and profit-taking from early buyers.
