Market Overview for Peanut the Squirrel/Bitcoin (PNUTBTC) – September 16, 2025

• • •

• PNUTBTC traded in a tight range, closing near open with no clear directional bias in 24 hours.
• Volume remains subdued, with most 15-min candles showing zero activity, indicating weak interest.
• A bullish 15-minute engulfing pattern formed after a key 2.04e-06 support level held during heavy selling pressure.
• RSI remains in neutral territory, suggesting neither overbought nor oversold conditions.
• Price hovered near the upper Bollinger Band before a sharp reversion to the mean occurred.

Peanut the Squirrel/Bitcoin (PNUTBTC) opened at 2.04e-06 on September 15 at 12:00 ET and closed at 2.08e-06 on September 16 at 12:00 ET. The 24-hour range was 2.01e-06 to 2.08e-06, with a total volume of 14,469.0 and turnover of approximately 28.73 BTC-equivalent. The pair remains in a consolidation phase, with limited directional momentum and mixed candlestick activity.

Structure & Formations

The 15-minute OHLC data reveals a tight range between 2.01e-06 and 2.08e-06 over the 24-hour period. Notably, a bullish 15-minute engulfing pattern formed at 23:30 ET on September 15, where the price broke a prior bearish trend to close above the previous candle’s body. This pattern, combined with a key support level at 2.04e-06 holding, suggests potential short-term buying interest. However, the lack of follow-through buying and frequent consolidation periods may limit bullish momentum unless volume increases.

Key Levels

- Support: 2.04e-06 (tested multiple times and held)- Resistance: 2.08e-06 (initial 24-hour high, tested but not breached)- Trendlines: A rising channel appears to be forming from 2.04e-06 to 2.08e-06 since 18:00 ET on September 15, indicating potential for further upside if volume supports the move.

Moving Averages & Momentum

The 20-period and 50-period moving averages on the 15-minute chart show the price oscillating around the 50-period line, suggesting an equilibrium between bullish and bearish forces. The 20-period MA is slightly above the 50-period MA, indicating a mild upward bias, though it has not triggered a strong directional move. On the daily chart, the 50/100/200 MA lines are closely aligned, suggesting a sideways trend with no clear bias.

MACD & RSI

The MACD line remains near the signal line, with no strong divergences, indicating that momentum is balanced. The RSI is in the 45–55 range for most of the period, staying in the neutral zone and showing neither overbought nor oversold conditions. A potential breakout may be supported if RSI pushes above 60 with increased volume.

Bollinger Bands & Volatility

Volatility is moderate, with price trading mostly within the Bollinger Bands. A brief expansion occurred around 23:30 ET when the price touched the upper band, followed by a contraction as the price reverted to the mean. This suggests that traders may be watching the 2.08e-06 level as a psychological resistance, though it has not yet been decisively breached.

Volume & Turnover

Volume is generally low, with several 15-minute candles showing zero activity, especially during off-peak hours. The largest volume spike occurred at 23:30 ET when the price broke out to 2.08e-06. Turnover, calculated as the total value of PNUTBTC traded against BTC, shows a slight increase during bullish moves but lacks sufficient strength to confirm a breakout. A divergence between price and volume is noted during the attempted rally, raising questions about the strength of the move.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 2.01e-06 to 2.08e-06, key retracement levels include:- 38.2% at ~2.05e-06- 61.8% at ~2.02e-06

Price tested the 38.2% level multiple times and held, suggesting it is a key area of interest. A move beyond 2.08e-06 would indicate a potential target for further bullish momentum, while a drop below 2.02e-06 may trigger a deeper correction.

Backtest Hypothesis

The backtest strategy involves entering a long position on PNUTBTC when a bullish engulfing pattern forms near a key support level and is confirmed by a close above the previous candle’s high. A stop-loss is placed below the engulfing candle’s low, and a take-profit target is set at the nearest Fibonacci extension level. This pattern was observed at 23:30 ET, with a potential target near 2.08e-06 and a stop-loss at 2.04e-06. The strategy aims to capture short-term momentum while managing risk through tight stop-loss placement.