Peanut the Squirrel (PNUT) 24-Hour Trading Analysis

1. Trend Analysis

Long-Term (3 months): From April to early June, PNUT showed high volatility with a major parabolic uptrend peaking in mid-May (0.48–0.48), followed by a sharp correction. The long-term trend is sideways to mildly bearish, with lower highs since the May top and strong support forming around the 0.20 region.

Medium-Term (1 month): For June, price action showed consolidation between 0.19–0.27, with repeated failed attempts above 0.27 and key support tested near 0.20. The trend is flat to slightly bearish but with decreasing volatility—suggesting a market in indecision.

Short-Term (1 week): Prices rebounded from 0.19 to 0.22 across several sessions, with the last 24 hours exhibiting very tight ranges around 0.22, indicating possible accumulation.

2. Volume Analysis

After explosive volumes in May (peaking over a billion), volume has dramatically reduced by late June (hovering around 70–170 million). Low volume combined with tight price ranges is typical before a breakout. The current volume profile suggests participants are indecisive but accumulating positions.

3. Support/Resistance Levels

• Major Support: 0.19 (multiple bounces); prior small wicks at 0.19–0.20 on 6/21–6/22 and 6/25–27.
• Next Support: 0.22 (current price area, previously resistance in early June and now acting as support post-breakout).
• Minor Resistance: 0.225, 0.23 (intraday highs on 6/28-6/29); next stronger resistance at 0.24–0.26 (previous breakdown zone).

4. Chart Patterns (Candlestick & Structure)

• Range Formation: From 6/21 onward, clear range between 0.19 and 0.23. The repeated defense of 0.20-0.22 suggests this is major support.
• Bear Trap Potential: The deep wick on 6/21 to 0.1977 followed by a quick reversal and close above 0.22 suggests exhaustion of sellers and the possibility of a bear trap.
• Tight Intraday Ranges: Latest hourly candles nearly flat (0.22±0.002). Such narrow ranges often precede a volatility expansion/breakout.

5. Moving Averages (MA)

• 20-Day MA: ~0.215 (price now slightly above it, indicating possible short-term upward momentum)
• 50-Day MA: ~0.235 (well above price; still acting as resistance)
• 200-Day MA: Not enough historical data, but likely higher given the May blowoff top.

The fact that price has reclaimed and held above the 20-day MA adds bullish short-term connotations.

6. Momentum Oscillators

• RSI (14, daily estimate): Previously oversold near 0.19, now approaching neutral (45–50 zone). Slight upward slope, showing fading bearish momentum.
• Stochastic Oscillator: Rising from oversold, crossing above 20 recently. Another bullish reversal signal.
• MACD: MACD line flattening, signal line close, with histogram ticking upward. Suggests momentum is slowly shifting from bearish to neutral-bullish.

7. Volatility Measures

• ATR (Average True Range): Fell sharply from highs in May to under 0.01 now, indicating tight consolidation and a setup for a volatility expansion soon.

8. Volume-Weighted Average Price (VWAP, Short-Term)

• Last Week’s VWAP: ~0.216
• Price above VWAP, indicating buyers are on the winning side and may attract breakout traders.

9. Fib Retracement (from the June 9 high at 0.30 to the June 22 low at 0.19)

• 23.6% Fib: 0.216
• 38.2% Fib: 0.227
• 50% Fib: 0.245
• Price now slightly above the 23.6% Fib, targeting next retracement at 0.227 and possibly 0.245 if momentum increases.

10. Orderbook and Liquidity (Price Behavior)

• Wick Frequency: Deep lower wicks on down days suggest buyers are active at every dip below 0.21–0.20.
• Order Absorption: Flat closes during U.S. and Asian market hours imply passive buyer support.

11. Sentiment and Flow

• Correlation: PNUT is showing low correlation with broad crypto/altcoin market on this timeframe—behavior dominated by internal flows.
• Sentiment (Tape Read): Reduced panic selling, stabilization at supports, and reduced volatility all imply sentiment is improving slightly.

12. Strategy Synthesis

Summary:

• Oversold rebound from 0.19, confirmed by volume, candle structure, oscillators
• Tightest trading range in weeks sets up for breakout, likely upward given order flow, MA alignment, and momentum
• Next targets: 0.225 (minor), then if broken, 0.24-0.245
• Stop-loss logic: invalidation below 0.217

13. Entry, Exit, and Risk Management

• Buy Zone: 0.2200–0.2210 (just above current minor support, where buyers have repeatedly absorbed sell pressure)
• Profit Target 1: 0.227 (23.6–38.2% Fib, intraday top range)
• Profit Target 2: 0.245 (main resistance, matches 50% Fib, May–June support, and the breakdown point)
• Stop-Loss: 0.2165 (below last order block; avoids being wicked out by noise)

---

Final Prediction:

• PNUT likely to attempt a breakout toward 0.227/0.245 within 24h, unless heavy unexpected selling returns. Risk/reward skewed to the upside. BUY strongly favored.