Market Overview for Pepe/Tether (PEPEUSDT) on 2025-11-05

Summary
• Price opened at $5.62e-06, traded between $5.21e-06 and $5.76e-06, and closed at $5.78e-06.
• Volume surged to 1.46e+12, with total turnover hitting $8.29 billion.
• A late-day bullish breakout above $5.7e-06 signaled renewed short-term optimism.

Opening and 24-Hour Price Action

Pepe/Tether (PEPEUSDT) opened at $5.62e-06 on 2025-11-04 at 12:00 ET and traded between a low of $5.21e-06 and a high of $5.76e-06 during the 24-hour window, closing at $5.78e-06 on 2025-11-05 at 12:00 ET. The total traded volume reached 1.46e+12, with notional turnover amounting to $8.29 billion. The price action reflected a volatile session with a clear late-day rally, suggesting strong short-term buyer interest.

Structure & Formations

The 15-minute chart displayed key support levels around $5.4e-06 to $5.5e-06, with price breaking above this range after 19:00 ET on 2025-11-04. A bullish engulfing pattern emerged near $5.5e-06 in the late evening, confirming a short-term reversal. Resistance levels appear at $5.7e-06 and $5.75e-06, where price has shown repeated pauses.

Moving Averages

On the 15-minute chart, the 20-period MA (20SMA) moved below the 50SMA early in the session, but the price quickly outperformed both lines by the evening. For daily analysis, the 50-period MA (50DMA) crossed above the 200DMA, indicating an improving medium-term trend. Price remains above the 50DMA, a positive sign for near-term momentum.

MACD & RSI

MACD lines trended upward in the final hours of the session, confirming the bullish momentum. The RSI climbed above 60, indicating a shift from neutral to overbought territory, though not yet into extreme levels. This suggests that while buyers are in control, a correction could be due if selling pressure increases.

Bollinger Bands

Volatility expanded significantly after 20:30 ET, with the price moving above the upper Bollinger Band for the first time on the session. The break above $5.7e-06 suggests a move away from consolidation and into a stronger bullish phase.

Volume & Turnover

Volume and notional turnover spiked dramatically after 20:30 ET, coinciding with the breakout above $5.7e-06. This divergence in volume and price suggests strong conviction among buyers, reinforcing the validity of the breakout.

Fibonacci Retracements

On the 15-minute chart, price tested the 61.8% Fibonacci retracement level at $5.6e-06 before surging higher. The 78.6% level now sits around $5.76e-06, which was the high of the session. If this level is cleared, the next target could be $5.83e-06.

Backtest Hypothesis

Given the appearance of a bullish engulfing pattern at $5.5e-06, a 3-day-hold strategy could have been triggered for long entries near this level. Testing the profitability of such a signal requires accurate OHLC data and a precise symbol format. If the symbol “PEPEUSDT” is not recognized by your data vendor, try appending an exchange suffix (e.g., “PEPEUSDT.BINANCE”) or upload a compatible dataset for backtest execution.