PNUT confirms breakout from extended decline, consolidating in a higher range that signals accumulation and supports potential continuation toward the $1.79 objective.
Analyst Javon Marks reiterates PNUT’s unchanged target at $1.7907, forecasting over 750% potential upside from current levels near $0.20.
PNUT trades at $0.208 with $53.7 million daily volume, showing increased activity and a 3.94% gain in the last 24 hours.
Peanut the Squirrel (PNUT) maintains momentum after breaking free from a prolonged downtrend. Analysts suggest the cryptocurrency’s current consolidation phase could be positioning it for a substantial upward movement toward $1.79.
Breakout Structure and Market Behavior
PNUT’s chart demonstrates a shift after an extended parabolic decline that followed its initial launch. The price eventually established a bottom and confirmed a breakout above its steep downtrend line. This breakout structure remains intact, providing technical traders with a clear signal of sustained market strength.
Since the breakout, PNUT has consolidated within a higher trading range. This activity suggests accumulation rather than immediate rejection, which often follows failed recoveries. The ability to maintain levels above the breakout zone indicates buyers are willing to absorb supply.
The persistence of this pattern forms the basis for current bullish projections. Analysts view the ongoing consolidation as a constructive sign, reinforcing the potential for a strong upward continuation if momentum returns.
Analyst Target and Price Potential
Crypto analyst Javon Marks shared on X (formerly Twitter) that PNUT’s technical target remains set at $1.7907. He emphasized that as long as the breakout structure holds, the path to this level stays valid.
From current levels of around $0.20, reaching $1.79 would represent more than a 750% upside. This target has not changed, suggesting long-term holders could see meaningful returns if the trend develops further.
The move toward this objective is supported by technical factors. With PNUT trading steadily after its breakout, the probability of continuation remains consistent, supported by strong structural foundations on its chart.
Volume Activity and Current Market Data
The breakout was accompanied by increased trading volumes, which typically confirm genuine interest among participants. This activity added credibility to the initial move and distinguished it from weaker rallies.
Following this surge, PNUT entered a cooling-off phase marked by sideways action. Analysts interpret this phase as a digestion period rather than weakness, as volume spikes indicate market participants remain engaged.
As of writing, PNUT trades at $0.208 with a 24-hour volume of $53,717,438, marking a 3.94% increase within the last day. This performance keeps the technical setup intact and supports the view of a sustained buildup toward higher levels.
The post Peanut the Squirrel (PNUT) Holds Breakout as Analysts Target $1.79 Surge appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Peanut the Squirrel (PNUT) Holds Breakout as Analysts Target $1.79 Surge
PNUT confirms breakout from extended decline, consolidating in a higher range that signals accumulation and supports potential continuation toward the $1.79 objective.
Analyst Javon Marks reiterates PNUT’s unchanged target at $1.7907, forecasting over 750% potential upside from current levels near $0.20.
PNUT trades at $0.208 with $53.7 million daily volume, showing increased activity and a 3.94% gain in the last 24 hours.
Peanut the Squirrel (PNUT) maintains momentum after breaking free from a prolonged downtrend. Analysts suggest the cryptocurrency’s current consolidation phase could be positioning it for a substantial upward movement toward $1.79.
Breakout Structure and Market Behavior
PNUT’s chart demonstrates a shift after an extended parabolic decline that followed its initial launch. The price eventually established a bottom and confirmed a breakout above its steep downtrend line. This breakout structure remains intact, providing technical traders with a clear signal of sustained market strength.
Since the breakout, PNUT has consolidated within a higher trading range. This activity suggests accumulation rather than immediate rejection, which often follows failed recoveries. The ability to maintain levels above the breakout zone indicates buyers are willing to absorb supply.
The persistence of this pattern forms the basis for current bullish projections. Analysts view the ongoing consolidation as a constructive sign, reinforcing the potential for a strong upward continuation if momentum returns.
Analyst Target and Price Potential
Crypto analyst Javon Marks shared on X (formerly Twitter) that PNUT’s technical target remains set at $1.7907. He emphasized that as long as the breakout structure holds, the path to this level stays valid.
From current levels of around $0.20, reaching $1.79 would represent more than a 750% upside. This target has not changed, suggesting long-term holders could see meaningful returns if the trend develops further.
The move toward this objective is supported by technical factors. With PNUT trading steadily after its breakout, the probability of continuation remains consistent, supported by strong structural foundations on its chart.
Volume Activity and Current Market Data
The breakout was accompanied by increased trading volumes, which typically confirm genuine interest among participants. This activity added credibility to the initial move and distinguished it from weaker rallies.
Following this surge, PNUT entered a cooling-off phase marked by sideways action. Analysts interpret this phase as a digestion period rather than weakness, as volume spikes indicate market participants remain engaged.
As of writing, PNUT trades at $0.208 with a 24-hour volume of $53,717,438, marking a 3.94% increase within the last day. This performance keeps the technical setup intact and supports the view of a sustained buildup toward higher levels.
The post Peanut the Squirrel (PNUT) Holds Breakout as Analysts Target $1.79 Surge appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.