Justice For Pnut And Fred Price Prediction: PNUT Owner’s JUSTICE Token Soars 369% As Pepe Unchained Presale Zooms Past $51 Million

Justice for Pnut and Fred Price Soars

The Justice for Pnut and Fred price surged 369% in the past 24 hours, reaching $0.162 as of 9:35 a.m. EST. This surge follows a 28% increase in trading volume to $29 million.

Peanut the Squirrel Copyright Infringement Allegations

The price surge is attributed to Mark Longo, Peanut the Squirrel's owner, announcing plans to sue PNUT token holders for alleged copyright infringement. Longo also launched his own protest meme coin, JUSTICE.

Technical Analysis

The JUSTICE/USD trading pair exhibits a strong upward trend within a bullish channel. The current price of $0.1085 represents a 9.88% decline from its recent high of $0.12.

The MACD indicator signals waning bullish momentum, while the RSI indicates neutral conditions. However, the price remains within the bullish channel, suggesting buyer control.

Trading Strategy

Traders can consider entering long positions near $0.1080 with targets of $0.12 and $0.13. Alternatively, short positions may be viable if the price breaks below $0.1080 and the MACD confirms a bearish crossover.

Pepe Unchained Presale Success

The presale of the layer 2 meme coin Pepe Unchained has raised over $51 million with less than 18 days remaining. Analysts speculate that PEPU could potentially list on Coinbase or Binance, which could drive price growth.

Tokenomics

Whales have been actively purchasing PEPU tokens, fueling excitement around the project. Staked PEPU tokens offer an impressive 64% annual percentage yield (APY).

Conclusion

The surge in JUSTICE for Pnut and Fred price highlights the influence of real-world events on cryptocurrency markets. The technical analysis suggests a potential pullback, but the overall trend remains bullish. Pepe Unchained's successful presale signals strong investor interest in the project.