Market Overview for Pepe/Tether (PEPEUSDT): 2025-09-15

• • •
• Price rose from $0.00001122 to $0.00001154, showing a bullish bias over 24 hours.
• Volume surged to $2.2 trillion, confirming strong participation and momentum.
• RSI and MACD suggest moderate overbought conditions, with no clear divergence.
• Price found support at $0.00001150, with resistance forming near $0.00001162–0.00001168.
• Bollinger Bands show moderate volatility, with price trending near the upper band in the last 6 hours.

Pepe/Tether (PEPEUSDT) opened at $0.00001122 on 2025-09-14 12:00 ET and closed at $0.00001154 on 2025-09-15 12:00 ET. The pair reached a high of $0.00001174 and a low of $0.00001114 over the 24-hour period. Total volume traded was ~2.3 trillion tokens, with notional turnover of ~$26.8 billion.

Structure & Formations

The price formed a bullish continuation pattern with several engulfing candles on the 15-minute chart, especially from 16:00–18:00 ET. A strong bullish trend emerged after 17:30 ET as the price surged above the intraday high. Notable support appears at $0.00001150, where multiple candlesticks found a floor, and resistance is forming near $0.00001162–0.00001168, with a bearish rejection candle at 01:15 ET on the 15th. A doji at 00:15 ET suggests indecision, while the higher highs and higher lows indicate a strong bullish bias.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed in favor of a bullish signal, with price above both. On a daily chart, price remains well above the 50DMA, 100DMA, and 200DMA, reinforcing a long-term bullish trend.

MACD & RSI

The MACD crossed above zero, with a positive histogram showing momentum increasing. The RSI peaked at ~68, indicating moderate overbought conditions but not yet extreme. No divergence between price and RSI was observed, suggesting continued bullish momentum.

Bollinger Bands

Bollinger Bands showed moderate expansion after 17:00 ET, with the price closing near the upper band on several occasions, especially in the 18:00–20:00 ET window. This suggests increased volatility and a strong bullish bias.

Volume & Turnover

Volume spiked heavily between 17:30–19:00 ET and again between 21:00–23:30 ET, confirming price strength and bullish conviction. Notional turnover also rose in these periods, aligning with price action and no divergence was observed. The largest single 15-minute turnover occurred at 18:00 ET ($8.06 billion), coinciding with a $0.00001171 high.

Fibonacci Retracements

Applying Fibonacci levels to the $0.00001114–$0.00001174 swing, the 38.2% level (~$0.00001146) and 61.8% level (~$0.00001156) appear as key support/resistance areas. Price tested both levels and held above the 38.2% level, reinforcing bullish sentiment.

Backtest Hypothesis

A potential backtesting strategy could leverage the engulfing patterns and RSI readings observed on the 15-minute chart. A buy signal could be triggered on a bullish engulfing candle when RSI is below 50, with a stop loss just below the recent low and a take profit at the 38.2–61.8% Fibonacci levels. Given the current MACD and RSI alignment, and the strong volume confirmation, this strategy appears highly relevant to the recent price behavior.