Market Overview: Peanut the Squirrel (PNUTUSDT) – 24-Hour Technical Summary (2025-08-09)

Peanut the Squirrel (PNUTUSDT) opened at $0.2321 on 2025-08-08 12:00 ET, reached a high of $0.2684, a low of $0.2368, and closed at $0.2589 on 2025-08-09 12:00 ET. The 24-hour volume was ~61.7 million and total turnover was ~$15.8 million.

Summary

• Price surged from $0.2368 to $0.2684, forming a strong bullish breakout and a 44% move.
• Strong volume during the rally confirmed buying momentum, especially in the 5–9 AM ET window.
• RSI overbought levels and a narrowing Bollinger Band suggest potential consolidation or pullback.
• A bearish divergence appears on RSI amid a post-breakout rally, signaling caution ahead.

Structure & Formations

The 24-hour candlestick pattern shows a powerful bullish continuation, with multiple bullish engulfing patterns and a long white candle confirming the breakout. Key support levels appear to be forming at $0.2571 and $0.2540, while $0.2644 marks a recent swing high. A notable bearish doji at $0.2581 in the final 15-minute candle suggests indecision and possible short-term profit-taking.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line early in the rally, confirming bullish momentum. The daily chart shows the 50-period MA below the 200-period, suggesting a broader uptrend but caution about retracement.

MACD & RSI

The RSI moved into overbought territory (~75) during the peak at $0.2684, signaling potential exhaustion. The MACD line remained positive and above the signal line during the rally, confirming momentum, but has recently started to flatten. A bearish divergence on RSI suggests a possible near-term pullback.

Bollinger Bands

Volatility expanded significantly during the rally, with price moving to the upper band. A recent contraction indicates possible consolidation. Price currently trades slightly below the midline, suggesting moderate bearish pressure, though not yet oversold.

Volume & Turnover

Volume surged during the morning hours (5–9 AM ET) with a massive 7.9 million volume candle as price hit $0.2684. Turnover spiked to ~$2.2 million during that period, confirming the bullish move. A divergence appears in the final hours as price declined but volume remained moderate, suggesting reduced conviction in the rally.

Fibonacci Retracements

Applying Fibonacci to the recent swing from $0.2368 to $0.2684, 61.8% retracement aligns with $0.2540, where the price found initial support. A retest of this level could confirm its strength. The 38.2% retracement at ~$0.2578 also appears as a potential pivot point.

In the next 24 hours, PNUTUSDT may consolidate near the $0.2570–$0.2590 range as the overbought RSI and bearish divergence suggest short-term profit-taking. Traders should monitor the $0.2540 support and $0.2644 resistance for potential trend continuation or reversal. A break below $0.2540 could trigger a deeper pullback, while a sustained move above $0.2644 would reaffirm bullish momentum.