Whale Alert: Acet (ACT) and Peanut (PNUT) Experience High Volatility as Prices Shift

Acet (ACT) and Peanut (PNUT) are experiencing significant price volatility, with both tokens facing strong resistance. ACT is on a downward trend, while PNUT remains volatile despite its larger market capitalization. This volatility follows a recent whale transfer that has shaken investor confidence.

Acet (ACT) Price Analysis and Trading Insights

ACT experienced a notable price movement over a 1-day period. The token started at approximately $0.05387 but fell to $0.04677, marking a 13.24% decline. This downward trend persisted throughout the day, with a notable price peak beyond $0.053 that soon reversed into consistent declines.

The price action indicated significant resistance near $0.05387. For ACT to shift into an upward trajectory, breaking through this resistance level is critical. The current price level of $0.04677 could act as short-term support, but a breach below this might trigger further declines.

The trading volume for ACT over 24 hours stood at $973.07K, reflecting a significant 72.52% decrease. This sharp reduction points to reduced market interest, contributing to potential price instability. The volume-to-market cap ratio at 128.18% underlines the high volatility associated with ACT, as it suggests notable trading activity relative to its market cap.

With a market cap of $757.05K, ACT remains relatively small, making it susceptible to rapid price changes. The 1-hour RSI reading of 44.78 suggests a neutral position, while the MACD indicator, trading below the signal line, hints at short-term downward pressure.

PNUT Market Performance and Key Levels

PNUT also experienced a sharp price decline over the past day. Starting near a peak of $2.1875, the token fell to $1.79, reflecting a 17.04% drop. This decrease included a significant plunge from the initial high, with volatile movements throughout the day.

Read also: Meme Coins DOGE, PEPE, PNUT Fuel Speculative Crypto Cycle: Santiment

The $2.1875 mark stands out as a strong resistance level. A clear break above this point would be needed for a bullish outlook. On the downside, the price touched a low around $1.60, suggesting potential support. Falling below this level could signal additional price weakening.

The 24-hour trading volume for PNUT was recorded at $3.28B, despite a 43.21% reduction from prior levels. However, the 185.25% volume-to-market cap ratio signals robust trading activity, indicating continued high volatility.

PNUT’s current market cap of $1.79B reflects its status as a larger market player. The fully diluted valuation (FDV) closely matches the market cap at $1.80B, showing that most tokens are already circulating. PNUT’s 1-hour RSI of 50.88 indicates a balanced market, while the MACD reading below the signal line points to potential downward momentum.