- PNUT is holding strong above support and could test resistance soon if market momentum continues.
- The coin is up 10% in the past week, outperforming major cryptocurrencies which are in the losses.
- Robinhood’s listing of PNUT, PENGU, and POPCAT has fueled increased investor interest.
- If PNUT maintains support above $0.1406, a rally towards $0.3184 – $0.4490 is likely.
Meme coin PNUT is on the radar and poised for upward movements. As the market is in bullish phase with Bitcoin surge, several altcoins are experiencing surge while meme coins are gaining attention and are on their way to an upward trend. PNUT is holding strong above support level and soon it will attempt to test resistance and starts its upward trajectory if the market momentum sustains.
Over the past week, PNUT is up by 10% while major coins are in red. Currently, PNUT is trading at $ 0.196787 with a 24-hour trading volume of $ 554.02M, market cap of $ 196.76M. The PNUT price is slightly decreased by 0.86% in the last 24 hours.
One of the key developments that helped PNUT experience a surge in value is Robinhood has added three new meme coins, Pengu (PENGU), Peanut the Squirrel (PNUT), and Popcat (POPCAT), to its platform, confirming the listings on March 13. After that, PNUT shows positive momentum and starts its way to upwards.
PNUT Breakout Towards $0.4490 on the Cards
Following this positive surge and listing announcement, Crypto analyst Marzell optimistically highlighted that, if PNUT hold above $0.1406 (Fibo buy zone) it could increases confidence in huge upside continuation and PNUT will reach higher price targets.
Conversely, If PNUT fails to hold this support level it could lead to another retest before confirming bullish reversal. However, PNUT is forming a bullish structure near its major support. If it holds and confirms bullish momentum, expect a potential rally towards $0.3184 – $0.4490.
With strong technical signals and positive market conditions, PNUT is well positioned for breakout and outperform the meme coin mania. Dogecoin and SHIB is also in positive conditions with the market. If PNUT sustains and continues to hold above support, higher price targets are within range in the coming days.
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