Cena Peanut the Squirrel on EthereumPNUT

$P/USDT’s new listing has ignited a wave of speculative interest, but beneath the hype lies a complex technical and fundamental landscape. While early momentum is real, sustainability remains uncertain. Initial Surge: Hype Meets Leverage New Listing Impact: $P (PNUT) was recently listed on major exchanges like Binance and Bybit, with Bybit offering up to 50x leverage on its perpetual contracts. This naturally attracts short-term traders and amplifies volatility. Volume Spike: The listing triggered a surge in trading volume, pushing $P/USDT into breakout territory. The pair rallied nearly 70% from its falling wedge breakout, hitting a target of $0.34 before pulling back. Technical Landscape: Breakout or Blowoff? Support Zone Retest: After the breakout, $P/USDT is retesting the $0.21–$0.23 zone. If this level holds, it could confirm a bullish continuation toward $0.40–$0.50. Inflection Point: The token is hovering near a long-standing demand zone that has supported price action since February 2025. A breakdown here could invalidate the bullish thesis. Short-Term Setup: On the 15-minute chart, traders are eyeing entries around $0.2150–$0.2160 with stop-losses below $0.2047. This setup reflects cautious optimism. Fundamentals: Meme or Mechanism? Token Utility: $P is the native token of the Peanut DeFi platform, which operates within the SmartBCH ecosystem. It powers yield farming, liquidity mining, and governance giving it real utility beyond meme status. Blockchain Choice: Running on Solana, $P benefits from low fees and fast transaction speeds, but also inherits the volatility and speculative nature of meme coins. Verdict: Mirage or Momentum? Real Momentum: The breakout, volume, and retest setup suggest genuine bullish interest. Candle Mirage Risk: Without sustained demand or fundamental catalysts, the rally could fade as quickly as it began. Traders should watch the $0.21–$0.23 zone closely. A hold signals continuation; a break suggests caution. Want help setting up alerts or building a watchlist for $P

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$PNUT 2ND TARGET COMPLETED ✅