Market Overview: Peanut the Squirrel/Bitcoin (PNUTBTC) - October 10, 2025

• • •

• Price opened at 1.66e-06, traded in a tight range before a sharp decline in the final hours.
• Closing at 1.59e-06, PNUTBTC posted a -4.38% 24-hr loss amid a volume spike of 211,036.0.
• Key resistance held near 1.68e-06, while support tested at 1.61e-06, with potential for further downside.
• Bullish momentum stalled, with RSI drifting toward oversold territory and no strong bounce observed.
• High volatility flagged in the last 3 hours, with a 15-minute candle closing 2.5% below its open.

The pair Peanut the Squirrel/Bitcoin (PNUTBTC) opened at 1.66e-06 on October 9, 2025 at 12:00 ET and closed at 1.59e-06 on October 10, 2025 at the same hour. The 24-hour session saw a high of 1.71e-06 and a low of 1.59e-06, with a total trading volume of 211,036.0 and a notional turnover of approximately 332.90 (amount × price). The price action appears to reflect a consolidation phase disrupted by a final-hour breakdown, raising questions about immediate support levels.

Structure & Formations

PNUTBTC formed a bearish engulfing pattern at the 03:45 ET candle on October 10, breaking above 1.69e-06 before retreating. This was followed by a large bearish candle (15:45–16:00 ET), closing at 1.59e-06 after hitting 1.61e-06. A potential support level emerged around 1.61e-06, where price consolidated briefly. Resistance levels at 1.68e-06 and 1.69e-06 were tested but not decisively breached. A long lower shadow at the 15:45–16:00 ET candle may indicate rejection at the lower end of the range.

Moving Averages

On the 15-minute chart, the 20-period MA sat at ~1.66e-06, while the 50-period MA hovered near 1.665e-06—both indicating a short-term bearish crossover. The 50-period MA on the daily chart is at ~1.67e-06 and has not been pierced downward, suggesting a neutral to bearish bias. No clear crossover has formed between the 100 and 200-period daily MAs, which remain relatively flat.

MACD & RSI

The 15-minute MACD showed a bearish divergence in the final hours, with a declining price and flattening histogram. RSI fell from ~58 to ~38 over the session, indicating oversold conditions. A bounce may be expected, but without a reversal candle, further weakness is probable. The daily RSI remains in neutral to slightly overbought territory (~55), but this is inconsistent with the bearish bias of the 15-minute timeframe.

Bollinger Bands

Price remained within the Bollinger Bands for most of the 24-hour period, with volatility increasing in the last hour as the lower band was pierced at ~1.605e-06. A contraction occurred earlier in the session, suggesting a period of consolidation. The current expansion in the lower band reflects heightened volatility and a bearish breakout.

Volume & Turnover

Volume surged in the final hour to over 34,000, with a large notional turnover of ~55.00 from the 15:45–16:00 ET candle. This aligns with the sharp price move downward, suggesting conviction in the bearish move. A divergence appears between the volume and price, as most of the high-volume trades occurred at the lower end of the session.

Fibonacci Retracements

Applying the 15-minute swing high (1.71e-06) and low (1.59e-06), the 38.2% retracement is at ~1.65e-06, and 61.8% at ~1.625e-06. The closing candle hit the 1.59e-06 level, which is just below the 61.8% retracement. This suggests a strong bearish bias, with the 1.625e-06 level potentially offering a short-term support if the trend pauses.

Backtest Hypothesis

A potential backtesting strategy could involve a short bias on the breakdown of the 1.61e-06 level, using RSI and Bollinger Band contractions as entry triggers and 1.625e-06 as a stop-loss. Given the bearish divergence and the recent volume confirmation, a 1.58e-06 target could be set within the next 24 hours. The MACD crossover on the 15-minute chart would provide a clear signal for entry, with exit based on a reversal candle or a close above 1.615e-06.