Market Overview for Peanut the Squirrel/Bitcoin (PNUTBTC)

Summary
• Price moved between $8.1e-07 and $9.5e-07, with consolidation toward $8.8e-07–$8.9e-07.
• Volume surged in early ET, peaking at 74,747.6 units during the 06:00–06:15 ET rally.
• RSI and MACD suggest moderate momentum with no extreme overbought or oversold conditions.
• Bollinger Bands show low volatility during the night, followed by expansion during the morning session.
• Fibonacci retracement levels at $8.8e-07 and $9.1e-07 appear key for near-term direction.

Peanut the Squirrel/Bitcoin (PNUTBTC) opened at $8.1e-07 (12:00 ET − 1), rose to a high of $9.5e-07, and closed at $8.9e-07 at 12:00 ET. Total 24-hour volume reached 279,582.0, with a turnover of $0.2453.

Structure & Formations

Price formed a bullish engulfing pattern near $8.6e-07–$8.8e-07 in the morning before consolidating into a range between $8.8e-07 and $9.1e-07. A bearish harami near $9.1e-07–$9.0e-07 suggests short-term caution. Key support levels appear at $8.8e-07 and $8.6e-07, while resistance forms at $9.1e-07 and $9.5e-07.

Moving Averages

The 5-minute 20-period and 50-period moving averages intersected near $8.7e-07–$8.9e-07, signaling a potential neutral-to-bullish shift in short-term bias. Daily 50/100/200 MA lines suggest no strong directional bias, as price remains between them.

Momentum & Volatility

MACD crossed into positive territory in the morning session and remained above zero, supporting bullish momentum. RSI hovered between 50 and 65, indicating moderate strength without overbought conditions. Bollinger Bands tightened during low-volume periods and expanded during the 06:00–06:15 ET breakout, suggesting increasing volatility.

Volume & Turnover

Volume spiked to 74,747.6 units at 06:00 ET during the breakout to $9.5e-07, followed by a significant pullback. Turnover and price action remained aligned, showing no divergence. Late ET saw a smaller volume spike at 16:45 ET, but it lacked follow-through.

Fibonacci Retracements

On the 5-minute chart, price retraced to the 61.8% level at $9.1e-07 before stalling. A 38.2% retracement at $8.9e-07 appears to be a key level for near-term support. Daily retracement levels remain less defined due to limited price movement.

The price may test $9.1e-07 resistance in the next 24 hours if bullish momentum persists. However, a pullback to $8.6e-07 could trigger further consolidation or a correction, so traders should remain cautious.