Market Overview for Pepe/Tether (PEPEUSDT): 2025-09-16

• Price action showed consolidation after an intraday high of $0.00001079.
• RSI and MACD suggest weakening momentum despite higher highs.
• Volume spiked in early hours, but price declined in final 6 hours.
• Bollinger Band contraction followed by expansion highlights increased volatility.
• Fibonacci retracements indicate key support near $0.00001065 and resistance at $0.00001080.

Opening Summary

Pepe/Tether (PEPEUSDT) opened the 24-hour period at $0.00001064 on 2025-09-15 12:00 ET, reached an intraday high of $0.00001079, and closed at $0.00001073 on 2025-09-16 12:00 ET. The price traded between $0.00001056 and $0.00001079 during the session. Total volume for the 24-hour window was 1,189,466,134,741.0, with notional turnover amounting to $12,667,505.25.

Structure & Formations

Price action showed a series of consolidating patterns following a late-night breakout attempt. Key support levels formed around $0.00001065 and $0.00001060, while resistance levels held near $0.00001080. A bearish engulfing pattern appeared on the candle closed at $0.00001073 (2025-09-16 04:15 ET), suggesting potential bearish momentum. A doji also appeared near $0.00001075, indicating indecision among market participants.

Moving Averages and Fibonacci Retracements

The 15-minute chart showed the 20-period and 50-period moving averages intersecting near $0.00001070, indicating a potential support zone. Over the daily timeframe, the 50/100/200-period moving averages suggest a flat to slightly bullish bias. Fibonacci retracements drawn from the recent swing low ($0.00001056) to the swing high ($0.00001079) indicate key retracement levels at $0.00001065 (38.2%) and $0.00001070 (50%).

MACD and RSI

MACD lines showed a bullish divergence early in the session but flattened toward the end, suggesting weakening momentum. RSI reached 60–65 levels during the morning, indicating overbought conditions, followed by a decline toward 55, suggesting a potential pullback. These signals may support a cautious bearish bias in the short term.

Bollinger Bands

Bollinger Bands displayed a moderate expansion following a period of contraction, confirming increased volatility. Price spent much of the session near the upper band before retracting toward the middle band. This behavior may indicate a period of range-bound trading ahead, with potential for another breakout if buyers regain control.

Volume & Turnover

Volume spiked sharply in the early morning hours, particularly between 00:00 and 03:00 ET, when price hit the session high. However, the last 6 hours of the session saw declining volume and price, raising questions about the strength of the recent bullish move. Turnover aligned with volume patterns, confirming the increased activity in the early hours and confirming the price pullback as volume waned.

Backtest Hypothesis

Given the observed price behavior and technical signals, a potential backtest strategy may include a long entry at the 50-period moving average with a stop loss placed below the most recent support at $0.00001065. A target could be placed at the next resistance level at $0.00001080. The MACD and RSI signals could act as confirmation tools, with RSI crossing above 55 as a potential bullish trigger. This approach would aim to capture a continuation of the bullish trend, provided the market does not break support and re-enters bearish territory.