Pnut price prediction today

Answered at Nov 15, 2024

Peanut the Squirrel (PNUT) Price Prediction for Today

Current Market Overview

Peanut the Squirrel (PNUT) is experiencing significant market activity. As of today, November 15, 2024, PNUT is trading within a price range of $0.3941 to $0.5796. The expected closing price for today is $0.4637 (source).

Recent Performance

  • 24-Hour Performance: PNUT has shown remarkable growth, gaining 268.71% in the last 24 hours. This surge has outpaced the overall cryptocurrency market, which saw a 269.76% increase in the same period (source).
  • 30-Day Trend: Over the past month, PNUT has increased by an impressive 2,113.67%. This bullish trend is consistent over the medium and long term, with the same percentage increase noted over the last three months and year (source).

Technical Analysis

  • All-Time High: PNUT reached its all-time high of $1.75 on November 13, 2024. The current cycle high is $1.73, with a cycle low of $1.56 (source).
  • Volatility: The coin has shown high volatility, with a one-month volatility rate of 83.59%. This indicates significant price fluctuations, which are common in the cryptocurrency market (source).

Market Sentiment

  • Bullish Sentiment: The current market sentiment for PNUT is bullish, supported by the Fear & Greed index indicating "Extreme Greed." Key support levels are at $0.3787, $0.3116, and $0.2369, while resistance levels are at $0.5205, $0.5951, and $0.6623 (source).

Future Predictions

  • Short-Term Forecast: PNUT is expected to rise by 30.86% in the next five days, potentially reaching $1.13 by November 18, 2024 (source).
  • End of Year Prediction: By the end of 2024, PNUT is forecasted to be around $0.5599, which represents a significant decrease from its current price. The maximum predicted price for December 2024 is $0.6998 (source).

Conclusion

Peanut the Squirrel (PNUT) is currently experiencing a bullish trend with high volatility. While short-term predictions suggest a potential increase, the end-of-year forecast indicates a possible decrease in value. Investors should consider these factors and the inherent volatility of the cryptocurrency market when making decisions. Always seek professional financial advice before investing.