Market Overview for Pepe/Tether (PEPEUSDT): October 10, 2025

• Price surged to $9.39e-06 before retracting sharply to $8.67e-06 amid a late-day selloff.
• Momentum turned bearish with RSI dropping below 30 and MACD flashing a bearish crossover.
• Volume spiked sharply during the decline but failed to confirm a strong bearish breakout.
• Bollinger Bands expanded significantly, reflecting heightened volatility in the 24-hour window.
• Fibonacci 61.8% level at $8.94e-06 failed to hold, raising questions about near-term support.

The 24-hour chart for Pepe/Tether (PEPEUSDT) shows a dramatic shift from bullish momentum early in the session to a sharp bearish correction in the final hours. Starting at $9.12e-06 at 12:00 ET–1, the price surged to $9.39e-06 before retreating to a 24-hour low of $8.67e-06 and closing at $8.78e-06 at 12:00 ET. Total volume reached 425,180,322,036, while turnover amounted to $3,885.16 (based on closing prices). This suggests aggressive selling pressure late in the session, with price failing to maintain its earlier strength.

The price structure over 15-minute intervals reveals a strong bearish engulfing pattern at the end of the session, with the final candle closing well below the midpoint of the preceding bullish rally. Key support levels include the 20-period moving average at $9.23e-06 and the 50-period at $9.29e-06. Resistance is found at $9.35e-06 and $9.39e-06, which were previously significant price highs. These levels will be critical for determining the direction in the near term.

text2img

Momentum indicators show a clear bearish shift. The RSI dipped below 30, indicating oversold conditions, while the MACD line crossed below the signal line, signaling a bearish crossover. Both metrics suggest the price could face further downward pressure in the short term. Bollinger Bands widened significantly as the price moved from the upper band during the rally to the lower band during the selloff, indicating a high-volatility environment. This expansion could precede a period of consolidation or a breakout attempt in either direction.

text2visual

The 15-minute volume profile shows a sharp increase during the late-session selloff, with the final candle showing high volume despite a modest range. This could indicate a potential exhaustion of the bearish move or a continuation, depending on how price reacts to the $8.76e-06 low. The Fibonacci 61.8% retracement level at $8.94e-06 failed to hold, suggesting that support may need to be redefined. A potential test of the $8.70e-06–$8.65e-06 range is likely, and a break below that could extend the decline further.

Backtest Hypothesis
A potential strategy could focus on the bearish engulfing pattern observed in the final hours, combined with RSI oversold conditions and MACD bearish crossover. A sell entry could be triggered upon confirmation of the engulfing pattern with closing below the midpoint of the prior bullish candle, with a stop above the 20-period moving average. The first target would be the 61.8% Fibonacci level at $8.94e-06, with a secondary target at $8.70e-06. A backtest would assess the frequency and success rate of such patterns in similar high-volatility environments.

backtest_stock_component