$ PNUT, the memes piece inspired by Peanut The Squirrel, are currently seeing a huge price action. After a period of relative calm, this asset came strong, offering insane gains for the holders.
In the past 7 days only, $ PNUT jumped 91%, and in the last month, it is up 153%, which firmly put him back on the radar of merchants.
Currently classified 157th among all cryptocurrencies in CoinmarketCap, $ PNUT is still considered a gem half-cap with a lot of space to grow.
Its market capitalization amounts to around $ 337 million, which means that a push towards the level of a billion dollars could be on the horizon if the bullish momentum continues.
However, with such a strong increase already recorded, the question for new investors is clear: is it time to jump or is it to come to come?
Source – Channe YouTube Cryptonews
Squirrel price analysis (IPP)
The $ token price table in last week shows a strong upward escape after a period of prolonged consolidation.
From May 4 at the beginning of May 8, the token moved laterally in a narrow range between $ 0.15 and $ 0.20, indicating a low volatility accumulation phase.
However, from May 8, the PNUT price began to climb regularly and then increased sharply on May 9, exceeding the level of key resistance to $ 0.20.
This escape marked the beginning of a powerful upward trend that has pushed the price of the token as high as $ 0.40 today, effectively doubling its value in just two days.
After this rapid increase, the price experienced a healthy decline, plunging slightly but finding strong support around the area from $ 0.30 to $ 0.35.
This support zone is now crucial to maintain the bullish momentum, as it suggests that buyers intervene to defend these levels and maintain the trend at the height intact.
Based on the current model indicated in the PNUT $ token graph, the prospects remain optimistic as long as the price is higher than the support area of ​​$ 0.30.
If this level continues to act as a floor, $ PNUT could soon remove the recent summit at $ 0.40, with the potential to pierce and target the following resistance levels around $ 0.45 to $ 0.50 in the short term.
On the other hand, if the price does not maintain more than $ 0.30 and falls below this support, it can point out a deeper correction to $ 0.25 before finding stability.
Overall, the sharp increase followed by a consolidation suggests that $ PNUT remains in an upward trend, but the next few days will be essential to confirm if it can maintain its upward trajectory or cope with a temporary withdrawal.
Squirrel price prediction (IPP)
For the future, if $ PNUT maintains its current momentum, a market capitalization target of $ 1 billion is at hand – about 3 times compared to current levels.
This would place it among the 100 best cryptocurrencies and probably trigger lists on larger exchanges, further supplying its race. However, timing is everything. For long -term believers, the accumulation of withdrawals makes sense than chasing green candles.
Meanwhile, another project warms behind the scenes – SOLAXY (Solx)which already makes waves even before its official launch.
Solaxy (Solx) increases quickly while investors occupy the next escape
For investors looking for the next large escape, Solaxy (Solx) is a project to monitor. This new Solana Layer 2 solution has already raised 34.2 million dollars in presale, making it the most successful ICO of the year.
With the launch date as approaching, the excitement is building and many investors consider Solaxy as a potential opportunity of 10 times to 100x in the next market cycle.
A major development for the project is the official launch of its own explorer of layer 2 blocks, allowing users to search for transactions, programs, accounts, blocks and tokens. This launch presents Solaxy's engagement to create a real infrastructure, not only the media threshing.
Designed to resolve the congestion of the Solana network, missed transactions and evolution problems, Solaxy improves efficiency and reliability while maintaining Solana's safety. This positions it as a key actor in the layer 2 ecosystem.
With its now live testnet and rumors on the lists on the main exchanges like Coinbase, Bybit and Binance, Solx is ready for an explosive launch. Investors still have time to participate in the presale, which accepts payments in Solana, Ethereum, USDT and credit cards.
Once bought, the tokens can be punctuated immediately to win rewards, with Apoys up to 117% per year – translating by more than 12% passive income each month before the token officially lists.
As the launch approaches, the window to reach the presale and winning awards of jealousness closes quickly. Visit Solaxy.
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