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The price of Peanut The Squirrel plunged 37% in the last 24 hours trading at $0.05963 to 12:37 a.m. EST on trading volume that plunged 28% to $209 million.
It comes as Elon Musk continued to criticize the government after New York state officials euthanized Peanut, an internet-famous squirrel beloved for his endearing antics.
“The government is a mindless, heartless killing machine,” Musk said on X.
The government is a stupid, heartless killing machine.
– Elon Musk (@elonmusk) November 2, 2024
“President Donald Trump will save the squirrels,” he added, alongside a squirrel emoji, a crying face and an image of Peanut perched lovingly on his owner’s back.
“If you hit me, I will become more powerful than you can imagine” Obi PNut Kenobi pic.twitter.com/dD2Xo0fSkr
– Elon Musk (@elonmusk) November 2, 2024
Squirrel price could skyrocket again
Peanut The Squirrel price chart shows consolidation phase after initial sharp rise as $0.13 resistance remains a challenge for bulls, data from GeckoTerminal.
During this phase, price action moves sideways in a horizontal range, suggesting that the market is taking a pause before potentially deciding the next direction.
The highlighted yellow box represents a support area that is currently holding the price of Peanut the Squirrel. PNUT is now trading slightly below the 50-day simple moving average (SMA), but within a sideways trend.
The RSI is at 45.44, which is below the neutral line 50, indicating a lack of strong momentum in either direction. This level suggests that the price is neither overbought nor oversold, leaving room for both upward and downward movement.
However, since the RSI is closer to the lower end of the neutral zone, there could be upside potential if buying volume increases.
According to the PNUT/USD 1-hour chart analysis, Peanut the Squirrel price is in a downtrend, as it moves towards the lower boundary of the sideways pattern. If this bear pressure continues, Peanut Squirrel price could fall, with $0.045 being the next possible support level in the near term.
If bulls take control, PNUT could rise, taking advantage of the current sideways trend. In this scenario, Peanut The Squirrel price could target $0.15 as bullish momentum builds.
Meanwhile, investors looking for alternative investment options might want to consider Crypto Stars (STARS)which, according to prominent YouTuber ClayBro, with over 130,000 subscribers, has the potential to grow 10x after launch.
Crypto All-Stars Presale Surpasses $3M – Best Crypto to Buy Now?
Crypto Stars ($STARS) broke out in November by surpassing the $3 million mark in its ICO.
Why is everyone excited?
During its initial pre-sale phase, Crypto All-Stars raised over $350,000! 💰
This first success shows that investors see GREAT potential in it. 🚀
Could this be the next $PEPE? 👀
– web3telepath (@web3telepath) August 15, 2024
Crypto All-Sat is a revolutionary project that allows investors to stake their meme coins on a single platform for the first time and earn rewards in STARS.
It’s the revolutionary M͏emeVault ecosystem that makes this possible. After launch, 11 meme coins will be available for play on Crypto All-Stars: Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu and Bonk. More meme pieces will be added in the coming months.
You can also earn passively through the project’s native staking mechanismwhich offers a whopping 517% annual percentage yield (APY).
You can buy the token now for $0.0015432. But the price will increase in about two days, so act quickly to score the best deal.
Buy $STARS on its official website here using BNB, USDT or bank card.
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