Market Overview for Pepe/Tether (PEPEUSDT): 24-Hour Summary (2025-10-03)

• PEPEUSDT traded in a tight range but surged midday before consolidating.
• Volatility expanded during peak volume hours, indicating increased interest.
• RSI and MACD suggest balanced momentum, with no strong overbought/oversold signals.
• Bollinger Bands show price retesting the lower band at night and upper band in the morning.
• Volume and turnover were elevated during the late morning and early afternoon, supporting breakout attempts.

Pepe/Tether (PEPEUSDT) opened at $9.86e-06 (12:00 ET − 1) and reached a high of $1.029e-05 during the session, before closing at $9.93e-06 at 12:00 ET. Total volume was 2.75e+12, and notional turnover was $286.1 million, reflecting active trading in key price levels.

Structure & Formations

Price traded within a defined channel between $9.86e-06 and $1.029e-05. A strong bullish candle formed around 19:15 ET, followed by a bearish reversal candle at 20:30 ET, suggesting short-term indecision. A doji appeared at 07:00 ET, indicating a potential turning point as buyers and sellers found equilibrium.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the early afternoon, signaling a temporary bullish bias. The daily 50-period MA is above the 200-period MA, indicating a moderate long-term bullish trend, with price trading below both averages, suggesting consolidation.

MACD & RSI

MACD remained near zero with a narrowing histogram, reflecting neutral momentum. RSI oscillated between 45 and 55, staying in a mid-range without entering overbought or oversold territory. This suggests balanced market sentiment, with no clear trend dominating.

Bollinger Bands

Price retested the lower Bollinger Band at $9.87e-06 in the early morning and touched the upper band at $1.029e-05 during a breakout attempt. The bands widened during the midday rally, reflecting increased volatility and trader activity.

Volume & Turnover

Turnover spiked during the 18:00–19:45 ET window, with over $100 million in notional value traded, coinciding with the bullish breakout. Volume diverged slightly from price during the 07:00–09:00 ET window, as price dropped but volume increased, indicating bearish conviction.

Fibonacci Retracements

Fibonacci levels drawn from the morning high of $1.029e-05 to the night low of $9.87e-06 suggest the 38.2% level at $1.003e-05 and the 61.8% level at $9.96e-05 were tested during the session, with price finding resistance and support at these levels.

Backtest Hypothesis

A backtest strategy could be constructed around breakout and consolidation patterns observed in this 24-hour period. For example, a long entry could be triggered on a breakout above the 38.2% Fibonacci level ($1.003e-05), with a stop-loss placed below the consolidation range at $9.96e-05. A short position could be initiated when price fails to hold above the 61.8% level, with a target near the daily support at $9.87e-05. Given the observed MACD divergence and RSI neutrality, a trailing stop could be used to lock in gains as momentum shifts, with risk management capped at 1–2% per trade. This strategy aligns with the observed structure and volatility, using key levels and volume signals as confirmation triggers.