Market Overview: Peanut the Squirrel (PNUTUSDT) – 24-Hour Analysis

• Price surged 1.5% in 24 hours, with a breakout above 0.2300 and consolidation near 0.2335.
• MACD turned positive, RSI hit overbought at 68, suggesting momentum may slow.
• Bollinger Bands widened, signaling rising volatility, with price near the upper band.
• Volume surged in the 03:00–07:00 ET window, confirming strength above 0.2300.
• A bullish engulfing pattern formed at 0.2272–0.2292, suggesting support is holding.

Peanut the Squirrel (PNUTUSDT) opened at 0.2287 (12:00 ET − 1) and closed at 0.2335 (12:00 ET), reaching a high of 0.2367 and a low of 0.2272. The total 24-hour volume was 28,506,494.0, and the notional turnover was $6,710,691.3.

Structure & Formations

The 24-hour period saw a key bullish reversal at 0.2272–0.2292, where a strong engulfing pattern confirmed support. Price then moved higher, forming a clear ascending triangle between 0.2272 and 0.2367. A breakout above 0.2335 suggests momentum may continue, with the next resistance at 0.2367. The 0.2300 level has acted as a psychological pivot and appears to be a strong floor.

Moving Averages

On the 15-minute chart, the 20-period MA (0.2313) is above the 50-period MA (0.2309), signaling a bullish bias. Daily, the 50-period MA sits at 0.2299, and the 100-period MA at 0.2295, both below the current price, reinforcing the upward trend. Price is comfortably above the 200-period MA (0.2279), indicating a longer-term uptrend remains intact.

MACD & RSI

MACD turned positive in the early hours of the morning and has remained above zero, suggesting bullish momentum. The histogram shows expanding bars in the 03:00–06:00 window, indicating accelerating buying pressure. RSI reached 68 at the peak, signaling overbought conditions, though not extreme. A pullback to 55–60 may offer a more balanced entry for new buyers.

Bollinger Bands

Bollinger Bands widened as volatility increased, with price reaching the upper band at 0.2367. This suggests a strong move, but also increasing the chance of a consolidation phase. Price remains above the midline (0.2303), indicating that the upside bias is still intact. A retest of the lower band at 0.2272 could offer a potential entry point, though with elevated risk if the move lacks follow-through volume.

Volume & Turnover

Volume spiked in the early morning hours (03:00–06:00), coinciding with the price breakout above 0.2300. Notional turnover rose in line with price, suggesting strong conviction. A divergence appears near the 0.2282–0.2285 range, where price dipped but volume remained low, indicating weak bearish pressure. Turnover remains healthy, but a drop in volume on an upmove above 0.2367 could indicate a lack of buyers.

Fibonacci Retracements

On the 15-minute chart, the 38.2% retracement level of the 0.2272–0.2367 move is at 0.2321, and the 61.8% is at 0.2349. Price has tested and held above the 38.2% level, suggesting buyers are active at key retracement levels. On the daily chart, the 61.8% retracement of the broader move lies at 0.2385, which could act as a near-term ceiling.

The next 24 hours may see continued consolidation or a test of the 0.2367 level, but a lack of follow-through volume could lead to a pullback toward 0.2325. Traders should remain cautious of overbought RSI and potential mean reversion after the recent breakout.