Introduction & Latest Developments
Peanut the Squirrel (PNUT/USDT) is a memecoin that launched on Solana back in late October 2024. It’s based on the story of Peanut, a beloved pet squirrel who became internet famous before being euthanized by New York authorities. The token took off pretty quickly thanks to viral social media buzz, some celebrity shoutouts, and a passionate community rallying around it. Mark Longo, Peanut’s owner, has been dealing with some IP disputes over how the token uses Peanut’s image and branding, especially with big exchanges. These legal issues and cultural drama keep influencing how PNUT behaves in the market.
Right now, PNUT is trading around $0.08896643, which is up about 1.66% in the last 24 hours. The thing to understand about this token is that it’s almost completely driven by community hype, social media sentiment, and where it’s listed—there’s no real development roadmap or practical use case behind it.
Technical Indicators & Short-Term Outlook
Looking at the four-hour chart, PNUT’s RSI is sitting at around 59.03, which tells us there’s some bullish energy but nothing crazy—definitely not overbought territory yet. The MACD histogram is positive at roughly 0.0007434, and the MACD line is above its signal line, suggesting some short-term upward momentum. The four-hour SMA is hanging around 0.08412 and the EMA is near 0.08683, with the current price sitting just above both of these—pointing to a modest uptrend trying to form.
When we look at the daily pivot points, we’ve got the main pivot at about 0.08903. Resistance levels are stacked at roughly 0.08987, 0.09063, and 0.09147, while support sits at around 0.08827, 0.08743, and 0.08667. The price is basically hugging that daily pivot right now, just below the first resistance. This means if PNUT wants to keep climbing, it needs to push through that 0.08987 level convincingly. If it can’t hold where it is, we might see it test that 0.08827 support pretty quickly.
Given the modest 24-hour gain and what the RSI and MACD are telling us, the most likely scenario in the short term is some sideways movement with maybe a slight lean upward. We could see a push toward that first resistance around 0.0899, or even the second one around 0.0906 if trading volume picks up. But honestly, without some real news or catalyst, there’s probably a ceiling on how high this can go right now.
Volume & Sentiment Risk
Here’s the thing with PNUT—it doesn’t have any real utility or development behind it, so the price is extremely sensitive to whatever’s happening on social media, what influencers are saying, and exchange announcements. Those legal battles over branding have already shaken things up sentiment-wise. Sharp volume spikes can push the price up fast, but they also mean there’s serious downside risk if sentiment flips. If we break below that 0.08827 support, things could slide pretty quickly toward 0.08743 or even 0.08667, especially if there’s bad news or talk of delistings.
Mid-Term Price Prediction & Scenarios
Over the next couple to four weeks, where PNUT goes really depends on whether we see any of these things happen: new exchange listings, something going viral on social media, or some clarity on the legal situation. If PNUT manages to break strongly above that 0.0915 resistance level, we could realistically see it climb toward the $0.100 to $0.115 range. But that’s going to need serious buying pressure and positive vibes from the community.
On the flip side, if nothing exciting happens, the token will probably just trade in a range between about 0.0865-0.0883 on the low end and 0.0900-0.0910 on the high end. Based on what the indicators are showing right now, this range-bound scenario seems more likely. For the bears out there, if there’s broader crypto market weakness or more legal drama, we could see PNUT drift down toward 0.0850 or lower, testing those deeper support levels.
Key Levels for Traders & Investors
If you’re trading this, keep your eyes on that first daily resistance around 0.0899, and watch for a stronger breakout if it gets above 0.0906 to 0.0915. On the downside, the support levels to watch are 0.08827, then 0.08743, with a critical zone near 0.08667 that really matters.
Volume is going to be everything when testing these resistance levels. If the price pushes above resistance on strong volume and positive news—like a new exchange listing or some resolution to the IP issues—then we could realistically see targets in the $0.10 to $0.12 range over the medium term. But if resistance holds firm or we get negative headlines, expect a pullback toward that 0.085 area.
Insight
PNUT is the definition of a high-volatility memecoin. The technical analysis can help you spot short-term trading opportunities, but let’s be real—the long-term value here has way more to do with social media trends and legal outcomes than anything technical or fundamental. For traders right now, the indicators are showing cautious optimism with a slight bullish tilt, but there’s resistance ahead and genuine downside risk to consider. If you’re holding or thinking about getting in, have a plan to take profits near those resistance zones and set tight stop losses below the key support levels. Bottom line: if PNUT breaks convincingly above 0.0900 with good volume, the risk-reward gets a lot more interesting. Until then, it’s a speculative play in a crowded field of memecoins.
