Market Overview for Peanut the Squirrel/Bitcoin (PNUTBTC) as of 2025-11-13

Summary

• PNUTBTC opened at $1.11e-06 and closed at $1.08e-06, with a 24-hour high of $1.11e-06 and low of $1.07e-06.
• Price tested key support at $1.09e-06 and faced resistance at $1.11e-06 repeatedly.
• Volatility and turnover spiked at key reversal points, notably at $1.11e-06.
• RSI showed oversold conditions toward the close, suggesting potential for a short-term bounce.
• Bollinger Bands suggest a tightening range ahead, with potential for a breakout or consolidation.

Market Overview

Peanut the Squirrel/Bitcoin (PNUTBTC) opened the 24-hour period at $1.11e-06 on 2025-11-12 at 12:00 ET and closed at $1.08e-06 on 2025-11-13 at 12:00 ET, with a high of $1.11e-06 and a low of $1.07e-06. Total volume for the period was 115,827.5 units, and notional turnover was approximately $124.49 (assuming $1.09e-06 average price).

The price action showed a series of tests at key support and resistance levels, with a notable bearish breakdown at $1.07e-06 followed by a retest and partial recovery. Doji and hammer patterns appeared near $1.09e-06 and $1.07e-06, indicating indecision and potential reversals.

Structure & Formations

Price action suggests a bearish bias with clear resistance at $1.11e-06 and support at $1.07e-06. A bullish engulfing pattern formed at $1.09e-06 during the early morning, indicating a short-term countertrend bounce. A bearish continuation pattern was also visible at $1.11e-06 during the midday, where price struggled to break higher and closed lower than its open.

Moving Averages

The 15-minute chart shows the 20-period moving average crossing below the 50-period line, suggesting a bearish trend in short-term momentum. On the daily chart, the 50-period MA is approaching the 100-period MA from below, indicating potential for a bearish crossover. The 200-period MA remains a strong bearish reference at $1.13e-06.

MACD & RSI

MACD lines on the 15-minute chart showed a bearish crossover, with the signal line moving downward as momentum weakened. RSI dipped into oversold territory at 29, suggesting potential for a short-term bounce. However, the overall RSI trend remains bearish, with no clear overbought conditions observed. A potential bullish divergence was noted during the morning as price found a low at $1.07e-06 but RSI did not reach a new low.

Bollinger Bands

Volatility appeared to contract in the late afternoon as price consolidated near the $1.09e-06 level, suggesting a potential breakout or continuation. Price spent most of the 24-hour period in the lower half of the bands, indicating bearish pressure. A breakout above the upper band at $1.11e-06 could signal a reversal or a strong rally.

Volume & Turnover

Notable spikes in volume were observed during the late afternoon and early evening as price approached $1.07e-06. Volume confirmed the bearish breakdown as price moved lower. However, a volume spike occurred during the evening as price retested $1.09e-06, suggesting possible accumulation. Turnover aligned with key price pivots, with the largest notional turnover occurring at $1.09e-06.

Fibonacci Retracements

Fibonacci levels applied to the recent swing from $1.11e-06 to $1.07e-06 show key retracement levels at $1.10e-06 (23.6%), $1.09e-06 (38.2%), and $1.085e-06 (50%). The price retested the 38.2% level during the morning and bounced back, but failed to hold the 50% level during the evening. On the daily chart, Fibonacci levels suggest a potential test of $1.12e-06 before encountering resistance.

Backtest Hypothesis

Given the current data constraints for the ticker “HOLD.P,” a suitable alternative strategy could be applied using PNUTBTC's price data to model an RSI-based mean-reversion approach. The RSI has already shown oversold readings, suggesting a potential for a short-term bounce. If applied, the strategy would enter long positions when RSI falls below 30 and exit when RSI crosses back above 50, with stop-loss levels set near key support levels observed at $1.07e-06. This approach could be refined using PNUTBTC's 15-minute OHLCV data to simulate historical performance and risk-reward dynamics under similar conditions.