Market Overview for Peanut the Squirrel/Bitcoin (PNUTBTC)

Summary
• Price broke below key support at 1.08e-06, ending 24-hour at 9.8e-06.
• Volume surged at 04:30 ET and 09:15 ET, but failed to confirm bullish follow-through.
• RSI hit oversold territory near 25, suggesting potential for short-term rebound.
• Bollinger Bands narrowed overnight, hinting at low volatility before a break.
• Downtrend confirmed by 50-period moving average on 5-min chart.

Peanut the Squirrel/Bitcoin (PNUTBTC) opened at 1.13e-06 on 2026-01-04 at 12:00 ET, hit a high of 1.14e-06 and a low of 9.7e-06, and closed at 9.8e-06 on 2026-01-05 at 12:00 ET. Total 24-hour volume was 328,267.8, with a turnover of 0.3369918 BTC.

Structure and Momentum

The price declined sharply after breaking below a key support at 1.08e-06, forming bearish engulfing patterns and a series of lower closes. The 20- and 50-period moving averages on the 5-minute chart are bearish, with price consistently below both. The 50-period MA appears to act as resistance in the short term.

Volatility and Indicators

Bollinger Bands tightened overnight, suggesting a period of consolidation before a directional move. RSI dipped below 25, indicating oversold conditions, but the lack of volume during the morning hours suggests limited conviction for a reversal. MACD remains bearish, with the line below the signal line and negative histogram bars, showing no signs of a momentum shift.

Volume and Divergences

Volume spiked on key breakdown moments, such as the 04:30 ET move to 1.04e-06 and the 09:15 ET dip to 9.8e-06. However, subsequent volume failed to confirm bullish follow-through, indicating weak buying interest. The final 5-minute candle showed no trading activity, suggesting low liquidity in the final hour.

The pair may find support near the 9.7e-06 level, which was briefly tested but not broken. A small bounce could test the 9.9e-06 level, but without a clear increase in volume, a continuation of the downtrend seems more likely. Investors should watch for a potential rebound into the 9.9e-06 to 1.01e-06 range, but bearish momentum remains intact.