Market Overview for Pepe/Tether (PEPEUSDT): Volatility and Rebound Signal Caution and Opportunity

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 10:39 pm ET1min read
PEPE
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Aime RobotAime Summary

- Pepe/Tether (PEPEUSDT) tested key support at $6.10, forming a bullish engulfing pattern amid strong volume during 16:30–17:00 ET.

- RSI rose to 55 and MACD showed positive divergence, signaling shifting momentum toward buyers despite mild overbought conditions.

- Volatility surged 23% in final 6 hours, with $36M notional turnover and Bollinger Bands widening, confirming heightened buying interest.

- Traders may target $6.19 (61.8% Fibonacci retracement) as next level, but risks persist if $6.10 support fails or volume weakens.

Summary
• Price action shows consolidation near key support at $6.10, with a bullish engulfing pattern at 16:30 ET.
• Momentum accelerated in late trading, with RSI rising from 45 to 55 and MACD showing positive divergence.
• Volatility expanded in the final 6 hours, with Bollinger Bands widening 23% from earlier levels.
• Notional turnover surged past $36M between 13:15 and 15:45 ET, aligning with price strength.

Pepe/Tether (PEPEUSDT) opened at $6.07 on 2026-01-08 12:00 ET, reached a high of $6.43, a low of $5.94, and closed at $6.11 on 2026-01-09 12:00 ET. Total 24-hour volume was $4.39B, with $3.73M in turnover.

Structure & Price Action


Price tested a key support at $6.10 in the early hours, followed by a consolidation phase until a bullish engulfing pattern formed at $6.12–$6.26 during the 16:30–17:00 ET session. This pattern, forming on strong volume, may signal a near-term reversal. A 20-period 5-min EMA crossed above the 50 EMA in the late session, suggesting short-term bullish momentum.

Volatility and Momentum Indicators


Bollinger Bands showed a 23% expansion during the late afternoon rally, reflecting heightened buying interest. RSI climbed from 45 in early morning to 55 by close, indicating mild overbought conditions without reaching 60. MACD crossed above the signal line in late trading, suggesting a shift in momentum toward buyers.

Volume and Turnover Analysis


Volume spiked to $587.82M at 17:00 ET, the highest of the 24 hours, coinciding with the bullish reversal pattern. Turnover reached $3.73M in the final 6 hours, contrasting with $1.36M in the first 12. This price-action confirmation suggests strong conviction in the upward move.

Pepe/Tether appears to be testing a key support zone, with volume and price action aligning for a potential rebound. Traders may watch for a 61.8% Fibonacci retracement from the $5.94 to $6.43 range at $6.19 as a possible next target. However, risks remain if volume weakens or if the $6.10 level fails.