Market Overview for Pepe/Yen (PEPEJPY) on 2025-09-10

• Price climbed from 0.001497 to 0.001564 over 24 hours, capped by resistance at 0.00156–0.00157.
• RSI reached overbought territory near 70, suggesting potential pullback, while volume remained elevated.
• Bollinger Bands expanded significantly, reflecting heightened volatility in late trading hours.
• A bullish engulfing pattern formed at 0.001541–0.001555, confirming short-term bullish momentum.
• Total volume hit 13,974,562,100 and turnover reached $21,110.77, highlighting strong market activity.

Pepe/Yen (PEPEJPY) opened at 0.001497 on 2025-09-09 12:00 ET, surged to a high of 0.001564 by 14:00 ET, and closed at 0.001556 at 12:00 ET on 2025-09-10. Total volume for the 24-hour period reached 13,974,562,100, with a turnover of $21,110.77, showing robust trading activity and increased market interest.

Structure & Formations

Key support levels were identified around 0.00152–0.00154, where the price found multiple retests and consolidation. Resistance formed between 0.00155 and 0.00157, capping upward movement during the final hours. A bullish engulfing pattern emerged between 0.001541 and 0.001555 around 07:30–08:00 ET, signaling a shift in momentum. A doji near 0.001558 at 04:45 ET indicated indecision before the price found renewed strength. These patterns suggest a potential bullish breakout scenario if the resistance at 0.00157 is overcome.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near 0.001532–0.001535 during the early morning hours, signaling a bullish crossover. The 50-period MA rose above the 20-period MA, suggesting a potential continuation of the upward trend. On the daily chart, the 50-period MA crossed above the 100-period MA, confirming a longer-term bullish bias, while the 200-period MA remains as a key support level near 0.001505. This alignment reinforces a medium-term bullish outlook.

MACD & RSI

The MACD indicator showed a bullish crossover in the early morning and remained above zero during most of the session, suggesting strong momentum. The histogram expanded in the morning and contracted slightly in late trading, hinting at potential exhaustion in the upward move. The RSI climbed into overbought territory (70–75) in the afternoon and evening, indicating the possibility of a near-term pullback. A divergence between the RSI and price action emerged in the late hours, with price pushing higher while RSI declined, a sign of weakening momentum.

Bollinger Bands

Bollinger Bands reflected high volatility in the late hours, particularly between 13:00 and 15:00 ET, when the bands expanded to their widest point. The price remained within the upper and lower bands throughout most of the session, but the volatility contraction before 10:00 ET suggested a potential breakout. The price has spent the last four hours hovering near the upper band at 0.00156–0.00157, reinforcing the significance of the current resistance level.

Volume & Turnover

Volume spiked above 500 million at several points during the late hours, particularly after 13:00 ET, aligning with the price breakout. The notional turnover mirrored this pattern, with turnover exceeding $700 during the most active 15-minute intervals. A divergence between volume and price occurred after 15:00 ET, with volume declining while the price still rose, suggesting the move may be nearing its limit. The overall volume and turnover data confirm strong participation and support the continuation of the bullish trend, at least in the short term.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 0.00152–0.00154 shows key levels at 0.001534 (38.2%) and 0.001548 (61.8%), both of which coincided with price consolidation or rejection. On the daily chart, the 0.001505 (23.6%) and 0.001519 (61.8%) levels acted as strong supports during the morning hours. These levels may now serve as either resistance or support depending on the direction of the next move.

Backtest Hypothesis

The backtest strategy involves a bullish breakout approach triggered by a price break above the 20-period moving average on the 15-minute chart, confirmed by a volume spike above the 3-period moving average. This setup aligns with the morning crossover observed in the 15-minute chart. A stop-loss is placed below the most recent swing low, while the target is set at the next Fibonacci or Bollinger Band resistance level. The recent engulfing pattern and bullish divergence in RSI suggest that this strategy could have high accuracy in the next 24 hours, particularly if volume remains elevated and the price holds above 0.00154.