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Squirrel Token (PNUT) Surges 25%, but Experts Warn About Potential Parabolic Price Movement; Investors Eye 100X Gains from Solana Layer-2 Presale

Squirrel toy titled "The Peanut" experienced a 25% price hike, yet experts advocate for contemplating a parabolic Solana layer-2 presale that potentially multiplies 100 times in value.

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Squirrel toy named Peanut experienced a 25% increase in cost, yet specialists recommend...
Squirrel toy named Peanut experienced a 25% increase in cost, yet specialists recommend investigating a Solana layer-2 presale with a 100-fold growth potential instead.

Squirrel Token (PNUT) Surges 25%, but Experts Warn About Potential Parabolic Price Movement; Investors Eye 100X Gains from Solana Layer-2 Presale

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The price of Peanut the Squirrel (PNUT), a popular meme coin, skyrocketed 25% in the last 24 hours to $0.4283 as bullish investors scoop up this wild ride.

With this latest jump, the cost of Peanut the Squirrel has built on its substantial weekly rally of 162%.

Peanut the Squirrel Pushes Through Resistance, Will It Climb Higher?

Data from GeckoTerminal shows the Peanut the Squirrel price managed to breach a resistance level at $0.4058 during the last 24 hours. The crypto is now making a run for the next obstacle at $0.4842. If PNUT can clear this second barrier, it might keep surging in the short term.

However, a slide below the $0.4058 mark, or a rejection at the $0.4842 level in the next 48 hours, may indicate the end of the PNUT rally. In the most pessimistic scenario, the price of the meme coin could test the $0.3186, and if extreme selling pressure comes into play, it could plummet to as low as $0.2293.

Peanut the Squirrel Price Riding High on Growing Bullish Momentum and Buying Pressure

Technically speaking, indicators on the daily chart suggest Peanut the Squirrel may keep inching upwards in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish signs.

Over the past few days, the MACD line has started to pull away from the MACD Signal line, typically interpreted as an indication of a bull run and strengthening crypto momentum.

There's also strong evidence that buyers are in control, according to the RSI reading, which is well above the neutral 50 mark. Traders should keep a close eye on the RSI for hints of a bearish turn in the near future, as extremely elevated RSI readings are often seen as a sell signal.

However, it's not uncommon for RSI readings to remain high for an extended period, especially when a cryptocurrency is rallying. This could be the case with the Peanut the Squirrel, seeing as high RSI values in the previous few days correspond with the meme coin's price surge.

Meanwhile, investors are also piling into the presale for Solaxy (SOLX). Based on influential YouTube channel 99Bitcoins, which boasts over 725,000 subscribers, SOLX has the potential to soar 100X after its launch.

Set to Scale Solana: Solaxy, the First Layers-2 Solution

Solaxy is the first scaling solution for Solana, specifically designed to tackle the network's growing congestion, which could lead to another outage.

Working in the same way as other layer-2 solutions like Arbitrum and Optimism within the Ethereum ecosystem, Solaxy will process and bundle transactions off the mainnet, completing them on its own sidechain. The crypto will then only ask Solana for final validation. This method of transaction processing is known for improving overall network efficiency.

In addition to scaling Solana, Solaxy will also serve as a bridge between Solana and Ethereum. This will create the foundation for a new Web3 platform that can meet the needs of dApp and meme coin developers by providing robust scalability. As the primary transaction layer on this new platform, SOLX will offer high levels of practical utility.

Solaxy's team has already launched a testnet and its blockchain explorer. To achieve their target of 10,000 transactions per second, the team has been diligently working on developing both products.

In a recent development update, the Solaxy team reported improvements such as faster node syncing, improved rollup mechanisms to boost efficiency, and fixes to existing UI issues.

Solaxy's Blockbuster Presale

Investors are flocking to Solaxy's presale, with over $34.6 million in early-stage investments already pouring into the project. If this buying frenzy continues, Solaxy could have one of 2025's top presale performances.

Interested investors still have a chance to buy SOLX via the simple widget on the project's website. You can buy SOLX with either crypto or a bank card. Once you own SOLX, you can also stash it in the project's presale staking pool for a 116% APY.

Those who want to grab the best presale rate should act fast, as the SOLX price will increase as the presale moves along. The next price hike will occur in around 39 hours.

Secure Your Piece of Solaxy

Extra Info:

  • Peanut the Squirrel (PNUT) Price Prediction: The Peanut the Squirrel price could reach $3.50 by 2030, fueled by strong social media influence and a solidified position in the meme coin market.
  • Short-term Outlook: PNUT has breached a resistance level at $0.4058 and is aiming for the next hurdle at $0.4842, but a drop below $0.4058 or rejection at $0.4842 could signify the end of the rally, with prices potentially tumbling to $0.2293.

Join our Telegram channel for the latest news in the crypto world

Join our Telegram channel for updates on the crypto market and potential investments, such as the current rise of Peanut the Squirrel (PNUT) and the ongoing presale for Solaxy (SOLX).

Investors may also want to pay attention to technologies like Solaxy, a layer-2 solution designed to improve the efficiency and scalability of the Solana network, which has the potential to soar 100X after launch.

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