Market Overview for Pepe/Tether (PEPEUSDT): 24-Hour Analysis

Summary
• Price broke below key 7.06e-06 resistance but failed to hold above 6.8e-06 support.
• Volume surged in the 9:15–10:45 ET window, but price declined, hinting at diverging momentum.
• RSI entered oversold territory near 30, while MACD signaled a bearish crossover.
• Volatility expanded as Bollinger Bands widened, with price hovering near the lower band.
• A bearish engulfing pattern formed at 6.98e-06, reinforcing the downward bias.

Market Overview

Pepe/Tether (PEPEUSDT) opened at 7.04e-06 on 2026-01-04 at 12:00 ET, peaked at 7.26e-06, and fell to a low of 6.58e-06 before closing at 6.79e-06 on 2026-01-05 at 12:00 ET. The total volume traded was 9.47 trillion, with notional turnover of approximately 65.34 million USD.

Structure & Key Levels

The price broke through the 7.06e-06 level twice but failed to retest it as support, indicating its possible role as a resistance-turned-breakout point. A bearish engulfing pattern emerged near 6.98e-06, suggesting a potential continuation of the downward move. Price found temporary support at 6.8e-06 and 6.7e-06, both of which could serve as critical levels for a near-term reversal or rejection.

Moving Averages

On the 5-minute chart, price closed below both the 20-period and 50-period moving averages, signaling short-term bearish momentum. On the daily timeframe, the 50-period MA appears to be acting as a key dynamic resistance at around 7.0e-06, which could become a critical level to monitor in the near term.

MACD and RSI

The MACD crossed below the signal line, confirming a bearish crossover. RSI reached oversold territory around 30, but without a corresponding rebound in volume, suggesting buyers may be hesitant. Momentum appears to be slowing, but a rebound could be on the horizon if volume picks up with a bullish reversal.

Bollinger Bands

Volatility expanded significantly during the session as Bollinger Bands widened. Price closed near the lower band, indicating a period of consolidation and potential for a mean reversion or continuation of the bearish trend.

Volume and Turnover

Volume spiked sharply between 9:15 and 10:45 ET, with a notional turnover of over 34 million USD, but the price continued to decline, indicating a bearish divergence. Volume remained above average for most of the session, confirming the strength of the selloff.

Fibonacci Retracements

The recent 5-minute swing from 7.26e-06 to 6.58e-06 shows price consolidating near the 61.8% retracement level at ~6.78e-06, aligning with the current close. A break below 6.7e-06 could target 6.5e-06, the 78.6% level.

Pepe/Tether appears to be in a bearish phase with strong short-term momentum. A rebound off 6.7e-06 or 6.8e-06 could offer a near-term buying opportunity, but a break below 6.7e-06 may extend the decline. Investors should remain cautious of thin support levels and potential for further downside in the next 24 hours.