Market Overview for Peanut the Squirrel/Bitcoin

Summary
• Price remained stagnant near 9.8e-07 for most of the day, with a minor breakout to 9.9e-07 and a pullback to 9.7e-07 overnight.
• Low volume and turnover suggest minimal interest, with only a few spikes in the late hours.
• A bearish engulfing pattern formed near 9.9e-07, hinting at potential short-term reversal risks.
• RSI and MACD indicate weak momentum with no clear overbought or oversold signals.
• Bollinger Bands show minimal volatility, with price drifting near the mid-band most of the session.

Peanut the Squirrel/Bitcoin (PNUTBTC) opened at 9.8e-07, reached a high of 9.9e-07, and fell to a low of 9.7e-07, closing at 9.7e-07. Total volume was 111,906.2, and notional turnover was 0.10203574 BTC.

Structure & Formations

The 24-hour chart displayed limited price movement, with PNUTBTC hovering near 9.8e-07 until a late-night breakout to 9.9e-07. A bearish engulfing pattern formed around 01:00–02:00 ET, suggesting short-term bearish bias. A pullback to 9.7e-07 confirmed potential exhaustion in the short-term bullish move.

Technical Indicators

The RSI drifted near 50 throughout, reflecting neutral momentum. MACD remained flat, with no clear divergence or convergence. Bollinger Bands showed a period of contraction during the bulk of the session, followed by a slight expansion after 03:00 ET.

Volume & Turnover

Volume was largely flat, with only a few notable spikes around 03:30 and 03:45 ET, coinciding with a sharp decline to 9.7e-07. Turnover mirrored this trend, with minor activity throughout the day and a sudden increase during the late-night decline.

Fibonacci Retracements

Applying Fibonacci to the 9.7e-07–9.9e-07 swing, the 50% and 61.8% levels correspond to 9.8e-07 and 9.7e-07, respectively. The 61.8% level has now been tested, suggesting a possible floor for near-term support.

Price appears to be consolidating in a narrow range with minimal conviction. A break below 9.7e-07 may increase the risk of further downside in the next 24 hours. Investors should remain cautious and monitor volume for signs of renewed interest.