Market Overview: Peanut the Squirrel/Bitcoin (PNUTBTC) – Dec 18, 2025

Summary
• Price action drifted lower from $0.00000085 to $0.00000081 on 24-hour candlestick data.
• A key 5-minute bearish engulfing pattern emerged at 02:15 ET, signaling downward momentum.
• Volume spiked at 02:15 ET and 05:30 ET, but price remained in consolidation afterward.
• RSI hovered near neutral zone, while Bollinger Bands showed low volatility contraction.
• No major Fibonacci retracement levels were pierced during the 24-hour period.

Peanut the Squirrel/Bitcoin (PNUTBTC) opened at $0.00000085 on December 17 at 12:00 ET and closed at $0.00000081 on December 18 at 12:00 ET. The 24-hour range spanned from $0.00000085 to $0.00000081, with a total volume of 125,853.2 and notional turnover of approximately $100.68.

Structure & Formations

Price remained in a tight descending channel throughout much of the 24-hour period, with key resistance around $0.00000085 and support at $0.00000081.

A bearish engulfing pattern on the 02:15 ET candle marked a potential turning point for downward momentum. A doji at $0.00000083 at 05:30 ET suggested indecision and a lack of follow-through on the move lower.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages trended downward, aligning with the bearish bias. The 20-period MA crossed below the 50-period MA in the morning, signaling a potential short-term bearish crossover. RSI remained in the mid-40s to mid-50s range, indicating a lack of overbought or oversold conditions, while MACD showed negative divergence with price, supporting further downward caution.

Volatility and Bollinger Bands

Bollinger Bands remained relatively narrow for most of the day, pointing to low volatility and consolidation. Price spent the majority of the session near the lower band, particularly in the early morning and afternoon, suggesting potential oversold conditions were not yet reached. The recent contraction could foreshadow a break in the range if volume picks up.

Volume and Turnover

Volume was unevenly distributed, with two notable spikes at 02:15 ET and 05:30 ET, corresponding to price declines. However, notional turnover did not rise significantly during those spikes, indicating limited conviction. A divergence between volume and price action in the evening suggested waning bearish pressure, though no strong reversal signals were confirmed.

Fibonacci Retracements

Fibonacci levels drawn from the morning high of $0.00000085 to the low of $0.00000082 showed the 61.8% retracement at $0.00000083, which aligned with the doji and 5:30 ET candle. Price remained below that level for most of the session, suggesting limited potential for a bounce without a breakout above $0.00000083.

The market appears to be in a bearish consolidation phase, with no clear breakout imminent. A test of the $0.00000081 level could trigger further short-term downside if not supported. Investors should remain cautious of low volatility and watch for potential divergence in volume and price action in the next 24 hours.