Market Overview for Pepe (PEPEUSDT): July 21, 2025

• Pepe (PEPEUSDT) traded in a tight range amid a seesaw battle between buyers and sellers.
• A key support level at $0.00001405 and resistance at $0.0000144 were tested multiple times.
• High volume surges coincided with price rejections at key levels, signaling indecision.
• RSI remains in neutral territory, while MACD shows flattening momentum.
• Volatility expanded slightly during late-night hours, with Bollinger Bands widening.

Pepe (PEPEUSDT) opened at $0.00001413 on July 20 at 12:00 ET and reached a high of $0.0000146 before closing at $0.00001410 on July 21 at 12:00 ET. The 24-hour volume totaled ~$5.2 trillion, with a notional turnover of approximately $72.3 billion.

Structure & Formations

The 15-minute chart shows a series of consolidation patterns around $0.0000142 and $0.0000144, with multiple bullish and bearish engulfing patterns observed at key levels. A notable doji formed near $0.00001435 during midday hours, signaling potential indecision among traders. These patterns suggest that Pepe is in a phase of price discovery, with both buyers and sellers testing each other’s resolve around key psychological levels.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages crossed twice, indicating shifting momentum. The 50-period line acted as a dynamic support during the overnight hours before flipping to resistance in the early morning. On the daily chart, the 50-period MA is currently above the 200-period MA, suggesting a longer-term bullish bias, although Pepe remains below its 100-period MA, indicating short-term bearish pressure.

MACD & RSI

MACD lines showed divergence between price and momentum in the final hours of the 24-hour period, with a bearish crossover observed near the end. The RSI hovered between 45 and 55 for most of the session, indicating neutral momentum. A brief overbought reading of 65 was recorded during the late-night rally, but it failed to sustain. This suggests that while there was short-term enthusiasm, it lacked follow-through.

Bollinger Bands

Bollinger Bands expanded significantly during the overnight hours, with price touching both the upper and lower bands multiple times. This widening volatility suggests a period of uncertainty or a potential breakout酝酿. The price spent the majority of the session between the 1 and 2 standard deviation levels, with no clear breakout forming.

Volume & Turnover

Volume spiked to over $788 billion in the early hours of July 21, coinciding with a failed attempt to break above $0.0000144. The notional turnover during this period was among the highest of the 24-hour window, indicating strong interest but also rejection at key levels. The divergence between volume and price movement suggests that while there was heavy participation, it lacked directional conviction.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from $0.00001405 to $0.0000146, Pepe found support at the 38.2% and 61.8% retracement levels on multiple occasions. The 61.8% level at $0.00001435 acted as a critical pivot point, with price bouncing off it twice. On the daily chart, the 50% and 61.8% retracement levels from the recent high appear to align with key psychological price levels, which could become relevant in the next 24 hours.

Pepe appears poised for a potential breakout or consolidation phase, with key levels in play. Traders may watch the $0.00001435 and $0.0000144 resistance levels closely, while support near $0.00001405 remains crucial. However, the market remains in a high-uncertainty environment, and sudden shifts in sentiment could trigger sharp price swings. Investors should remain cautious and watch for divergence in momentum indicators or a breakout beyond key levels.