Market Overview for Peanut the Squirrel/Bitcoin (PNUTBTC) – October 14, 2025

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Summary
• Price action on PNUTBTC remained range-bound with minimal directional bias over the past 24 hours.
• A temporary breakout to 1.4e-06 failed to hold, with price consolidating around 1.31–1.39e-06.
• Volume activity surged in early hours, followed by quiet trading after 18:00 ET.
• No clear candlestick reversal patterns emerged; price appears to be in a neutral consolidation phase.
• Volatility metrics suggest a potential buildup, though without a clear breakout.

The Peanut the Squirrel/Bitcoin (PNUTBTC) pair opened at 1.34e-06 on October 13 at 12:00 ET and closed at 1.3e-06 the following day at 12:00 ET. The 24-hour high and low were 1.4e-06 and 1.28e-06, respectively, with total volume of 242,512.5 and turnover of approximately 282.3 BTC-equivalent. The asset spent much of the session consolidating within a tight range after a short-lived rebound attempt.

Structure-wise, the pair formed a narrow trading range between 1.31e-06 and 1.39e-06, with the 1.31e-06 level acting as a key support and the 1.39e-06 level as a resistance. A small bearish engulfing pattern emerged around the 1.32e-06 to 1.3e-06 swing, but its impact was muted due to the lack of follow-through. Doji and spinning top candles also appeared during the consolidation phase, suggesting indecision among traders.

The 15-minute 20-period and 50-period moving averages moved in tight parallel, reinforcing the sideways bias. The MACD showed no clear divergence from price, with both the line and signal line staying close to the zero level. Similarly, the RSI oscillated between 50 and 60, with no overbought or oversold signals emerging. The Bollinger Bands tightened during the latter part of the day, hinting at potential volatility but not a breakout.

Volume spiked during the early hours of October 14, particularly between 08:00 and 09:00 ET, as price tested the 1.3e-06 level. However, this was followed by a sharp drop in volume, which may indicate exhaustion of the bullish momentum. Notional turnover mirrored the volume pattern, confirming the earlier strength and subsequent fade. No significant divergences between price and volume were observed.

The Fibonacci retracement levels drawn from the 1.28e-06 to 1.4e-06 swing showed the 1.31e-06 level (61.8%) acting as a temporary floor. A potential next target for bears would be the 38.2% retracement at 1.29e-06, though the absence of a strong bearish signal makes this uncertain. A bullish breakout above 1.39e-06 would likely require higher volume and a stronger push to retest the 1.4e-06 level.

Backtest Hypothesis
The inability to access RSI data for the PNUTBTC pair has created a gap in the ability to perform a standard overbought/oversold backtest using the RSI < 30 entry strategy. In the absence of this data, alternative approaches may be considered, such as running a similar strategy on a more liquid pair like BTCUSDT or using user-supplied OHLCV data for PNUTBTC to generate the necessary RSI values. A clear path forward would involve confirming the correct ticker or providing the relevant data. This would allow for the identification of historical oversold conditions and the evaluation of a 3-day-hold backtest.