Market Overview for Peanut the Squirrel/Bitcoin (PNUTBTC) – October 22, 2025

• Price declined from 1.29e-06 to 1.23e-06, with key support holding at 1.23e-06.
• Volume surged during late-night consolidation, indicating short-term interest.
• MACD and RSI signal oversold conditions but lack immediate bullish confirmation.
• Bollinger Bands tighten toward the 1.23e-06 level, hinting at potential breakout.
• Turnover rose during price declines, but divergence with volume suggests uncertainty.

The Peanut the Squirrel/Bitcoin (PNUTBTC) pair opened at 1.29e-06 (12:00 ET − 1) and reached a high of 1.29e-06 before declining to a low of 1.22e-06 during the 24-hour period. The price closed at 1.23e-06 (12:00 ET today). Total volume traded was approximately 287,208.4, and total turnover came to 35.23 BTC-equivalent.

Over the past 24 hours, PNUTBTC formed a bearish consolidation pattern after a sharp dip from 1.29e-06 to 1.23e-06. The 1.23e-06 level acted as a strong support zone, particularly between 09:00 and 14:00 ET, where buyers re-entered the market. A key doji formed at 1.23e-06, suggesting indecision and potential reversal. The 1.27e-06–1.28e-06 range previously served as resistance but is now showing signs of consolidation into a new support zone.

The 15-minute moving averages indicate that the 20-period MA crossed below the 50-period MA earlier in the day, signaling a bearish crossover. On the daily timeframe, the 50-period MA remains above the 100 and 200-period MAs, suggesting a long-term neutral to slightly bearish bias. The MACD histogram has contracted during the late session, indicating weakening bearish momentum, while the RSI dipped below 30, suggesting the pair is oversold.

Bollinger Bands have narrowed significantly in the 1.23e-06–1.24e-06 range, indicating a period of low volatility that may precede a breakout. The price has tested the lower band multiple times, especially during the night hours, without breaking below it. A Fibonacci retracement from the 1.29e-06 high to the 1.23e-06 low shows the 38.2% and 50% levels at 1.26e-06 and 1.26e-06, which have acted as resistance and are now potential support on any rebound.

The RSI and MACD suggest oversold conditions, but the price has not yet generated a strong reversal signal. If PNUTBTC closes above the 1.24e-06 level with increasing volume, it could indicate a short-term bullish bounce. However, a sustained close below 1.23e-06 may trigger further bearish momentum. Investors should monitor the 1.23e-06–1.24e-06 range for potential breakout or breakdown in the next 24 hours, with the RSI and volume providing confirmation cues.

Backtest Hypothesis

A backtest was attempted using the daily RSI for PNUTBTC over the period 2022-01-01 to 2025-10-22, but the data retrieval failed due to a symbol recognition or data availability issue. While the RSI is a critical tool in identifying overbought and oversold conditions, the lack of historical data for this pair limits the effectiveness of the backtest. Given the recent RSI behavior (dipping below 30 and failing to rebound), a potential strategy could focus on RSI crossover signals once data becomes available. Alternatively, a volume-confirmed breakout from the 1.23e-06–1.24e-06 range could be used as a proxy for a short-term reversal strategy. For now, a wait-and-see approach is recommended until the data access issue is resolved or an alternative strategy using available indicators is developed.