Market Overview: PEPE/USDT 24-Hour Action (2025-11-11)

• PEPE/USDT opened at $0.00000609 and closed at $0.00000597 after a volatile 24-hour session.
• Price tested key resistance near $0.00000630 and found support near $0.00000592 during the session.
• Volume surged in the early hours before tapering off, indicating a potential consolidation phase.

Pepe/Tether (PEPEUSDT) opened at $0.00000609 on 2025-11-10 at 12:00 ET and closed at $0.00000597 on 2025-11-11 at 12:00 ET. The pair hit a high of $0.00000635 and a low of $0.00000592 during the period. Total volume reached approximately $2.95T, while notional turnover stood at roughly $17.96B. The 24-hour move suggests a period of price consolidation following earlier bullish momentum.

Structure & Formations

Price found key resistance near $0.00000630 in the early hours of 2025-11-11, with a bearish reversal pattern forming as the pair closed below the opening level of that session. A significant bearish engulfing pattern emerged between 23:00 and 23:15 ET as price broke below intraday support levels. On the support side, $0.00000592 proved resilient, with a bullish reversal forming around 14:15 ET before the final leg down.

Moving Averages

On the 15-minute chart, the 20-period MA sat at $0.00000615, while the 50-period MA hovered near $0.00000617 as of the close. The 20 MA crossed the 50 MA in a bearish crossover in the late hours of 2025-11-10. On the daily chart, the 50-period MA at $0.00000621 and 200-period MA at $0.00000626 both held above the current price, reinforcing the bearish bias.

MACD & RSI

The MACD line crossed below the signal line around 23:00 ET and remained negative, confirming bearish momentum. RSI dipped into oversold territory in the late afternoon and early evening, peaking at 28 before bouncing slightly. However, the bounce failed to push RSI above 40, suggesting a lack of follow-through from buyers.

Bollinger Bands

Volatility expanded in the first half of the session, pushing price outside the upper band as high as $0.00000635. The bands then contracted as the price trended lower, with the close sitting near the lower band. This pattern suggests a potential reversal if the price tests the lower boundary again in the coming 24 hours.

Volume & Turnover

Volume spiked in the early morning hours (23:00–00:30 ET), especially around key resistance levels, before tapering off during the late morning and afternoon. The decline in volume during the final price drop suggests weaker conviction from sellers. Notional turnover aligned closely with volume, indicating consistent liquidity and minimal slippage.

Fibonacci Retracements

Applying Fibonacci levels to the 2025-11-10 17:00 to 2025-11-11 01:30 swing, price found support at the 61.8% retracement level near $0.00000603 and closed just below the 78.6% level at $0.00000596. These levels may serve as potential zones for buyers to test during a bounce.

Backtest Hypothesis

Given the recent volatility and RSI oversold readings, a potential backtesting hypothesis could focus on a strategy that identifies RSI levels below 30 and holds for five trading days. Applying this to similar thinly traded or niche assets may reveal insights into mean-reversion tendencies. If a more representative asset such as an ETF is used instead of HOLD.P, the same 14-day RSI framework could illustrate how oversold conditions historically perform in low-liquidity scenarios, adjusting for divergences in volume and trend strength.