Market Overview for Pepe/Yen (PEPEJPY) – 2025-09-05

• PEPEJPY consolidates near a 24-hour high of ¥0.001442 after a strong push in late ET hours.
• Momentum suggests potential for a bullish continuation with RSI near 55 and volume confirming higher highs.
• A key support level forms at ¥0.001410, where multiple candlestick closes and a bullish engulfing pattern align.
• Volatility remains elevated with Bollinger Bands expanding, indicating active market participation.
• Notional turnover surges near the ¥0.001430–0.001442 range, signaling accumulation interest.

Pepe/Yen (PEPEJPY) opened at ¥0.001405 on 2025-09-04 at 12:00 ET and closed at ¥0.001434 as of 12:00 ET on 2025-09-05. The 24-hour range extended from a low of ¥0.001396 to a high of ¥0.001442. Total traded volume amounted to 5,431,225,250.0 units, with a notional turnover of ¥7,688,440,603.44 across the 24-hour period. The pair has shown signs of bullish momentum, especially in the late ET session, with confirmation through volume and price action.

Structure & Formations

The PEPEJPY chart has displayed several key levels of support and resistance over the past 24 hours. A notable support level is forming at ¥0.001410, where price has closed multiple times and where a bullish engulfing pattern was observed. Above that, resistance appears at ¥0.001428 and ¥0.001435, where price has faced consolidation and minor rejections. A doji formed near ¥0.001413 on the morning of 2025-09-05, signaling indecision. These levels may serve as potential pivots for near-term price movement.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging upwards, with the 20 MA crossing above the 50 MA in a golden cross formation. This suggests short-term bullish momentum. For the daily chart, the 50-period MA is at ¥0.001417, the 100-period at ¥0.001413, and the 200-period at ¥0.001408, indicating a generally bullish bias on longer-term timeframes. Price is currently trading above all three, reinforcing the idea of a bullish trend.

MACD & RSI

The MACD line is positive and rising, suggesting strong bullish momentum. The histogram is expanding, and the signal line is below the MACD line, pointing to an uptrend in strength. The RSI is currently at 55, indicating that the pair is neither overbought nor oversold. This mid-level RSI reading supports the view that the rally is in its early or mid-phase, with potential for further gains if momentum continues.

Bollinger Bands

Bollinger Bands are currently expanding, with the upper band reaching ¥0.001442 and the lower band at ¥0.001402. Price has spent much of the day near the upper band, particularly in the final 6–8 hours of the 24-hour window. This suggests a period of high volatility and accumulation. If price stays above the middle band (¥0.001423), the bullish momentum could continue. A pullback toward the lower band would be seen as a retest of support and could offer a buying opportunity.

Volume & Turnover

Volume surged during the late ET hours, especially in the last 4–5 hours of the period, coinciding with the move toward ¥0.001442. The total volume is above the 24-hour average, and the notional turnover has also spiked, indicating strong participation. Price and turnover are aligned—higher highs are confirmed by higher turnover, suggesting genuine accumulation rather than a washout or short covering.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from ¥0.001405 to ¥0.001442, the 38.2% level is at ¥0.001426 and the 61.8% level at ¥0.001434—where price closed at 12:00 ET. A break above ¥0.001434 would likely target the ¥0.001442 level, the previous high. A retest of ¥0.001426 could serve as a potential support/resistance pivot. These levels may offer key decision points for traders in the next 24 hours.

Backtest Hypothesis

If we consider a backtesting strategy based on the convergence of the 20-period and 50-period moving averages (golden cross) on the 15-minute chart, combined with a bullish engulfing pattern and confirmation through volume and RSI levels between 40 and 60, the trade setup becomes more statistically favorable. This approach would have flagged a long entry near ¥0.001410 with a stop loss below ¥0.001405 and a target at ¥0.001428–0.001435. Given the current price structure and volume confirmation, this strategy could be tested for short-term gains, particularly if the bullish RSI trend continues.