Market Overview for Pepe/Yen (PEPEJPY) on 2025-10-06

• Price surged to 0.001536, breaking recent highs, but faced pullback pressure.
• Momentum shifted midday with RSI signaling overbought conditions after 14:30 ET.
• Volatility expanded in the afternoon, with Bollinger Bands widening sharply.
• Turnover surged during the 14:15–15:30 ET window, confirming bullish strength.
• A bullish engulfing pattern formed near 0.001526, hinting at potential continuation.

The Pepe/Yen (PEPEJPY) pair opened at 0.00147 on 2025-10-05 at 12:00 ET and reached a high of 0.001547 before closing at 0.001544 on 2025-10-06 at 12:00 ET. The total volume for the 24-hour window was 16,095,513,498.0 units, while the total notional turnover was approximately $24.4 million at current rates.

Structure & Formations suggest a dynamic session, with a key resistance forming around 0.001530–0.001540 and a critical support level at 0.001500–0.001510. A strong bullish engulfing candle emerged on the 15-minute chart at 14:15 ET, indicating a reversal from bearish to bullish momentum. A key bearish divergence was also noted in the morning at 06:15 ET, marked by a long upper shadow and a rejection of 0.001482.

Moving Averages on the 15-minute chart indicate that the 20-period MA crossed above the 50-period MA in the afternoon, confirming a bullish bias. The daily chart shows the 50-period MA crossing above the 200-period MA, indicating a potential long-term uptrend. This confluence of moving averages supports a continuation of higher prices over the next 24 hours.

MACD and RSI analysis reveals strong positive momentum after 14:00 ET, with RSI peaking at overbought levels above 70. The MACD histogram grew in height, confirming a strengthening bullish trend. However, the RSI has been hovering near overbought territory, suggesting a potential pullback could be imminent.

Bollinger Bands show increased volatility in the afternoon, with price pushing above the upper band at 0.001536. This expansion may suggest a breakout is in progress. The narrow contraction earlier in the session hinted at a period of consolidation before the recent surge.

Volume and Turnover were notably higher in the late afternoon and early evening, especially between 14:15 and 15:30 ET, coinciding with the price push toward 0.001547. The volume during this period was significantly higher than the morning and midday levels, indicating strong conviction in the upward move. No major price-turnover divergences were observed, which supports the continuation of current trends.

Fibonacci Retracements on the 15-minute chart suggest that the 61.8% level is currently at 0.001526, with the 78.6% at 0.001536. These levels are key potential targets and areas for consolidation. On the daily chart, the 61.8% retracement level aligns with 0.001506, which could act as a support or reversal level.