Market Overview for Pepe/Yen (PEPEJPY) on 2025-10-25

• PEPEJPY traded in a tight range with minor bullish bias, closing near the session high.
• Momentum shows early signs of strengthening with RSI above 50 and positive MACD divergence.
• Volume spiked during the 19:30–20:30 ET rally, confirming bullish conviction around 0.001095 JPY.
• Price appears to have retested a key support level at 0.001083 JPY before rebounding.
• Volatility has expanded, with price trading near the upper Bollinger Band, signaling potential breakout conditions.

Opening and Closing Summary

Pepe/Yen (PEPEJPY) opened at 0.001083 JPY at 12:00 ET - 1 and closed at 0.001095 JPY at 12:00 ET on 2025-10-25. The 24-hour session saw a high of 0.001102 JPY and a low of 0.001074 JPY, representing a relatively narrow trading range. Total volume for the period was approximately 1.705 billion units, with a notional turnover of around 186,409 JPY.

Structure & Formations

Price formation during the session indicated a cautious bullish bias, particularly in the late hours of the day when a strong bullish engulfing pattern emerged at 19:30 ET. This pattern, formed after a period of consolidation, signified a shift in sentiment. Resistance levels were observed at 0.001102 JPY and 0.001095 JPY, while support was found at 0.001083 JPY and 0.001074 JPY. A doji formed around 17:45 ET, signaling indecision and a potential reversal or continuation depending on subsequent price action.

Moving Averages and Momentum Indicators

On the 15-minute chart, the 20-period and 50-period moving averages remained closely aligned, suggesting a neutral trend with no strong directional bias. Price crossed above the 50-period line during the afternoon, indicating mild bullish momentum. The MACD line showed positive divergence during the rally from 19:30 to 20:30 ET, suggesting a strengthening of the bullish trend. The RSI, currently at around 52, moved above 50 during the same period, signaling positive momentum and potential overbought conditions at the session high.

Volatility and Bollinger Bands

Volatility has increased over the last 24 hours, as evidenced by the price moving near the upper Bollinger Band. The 20-period Bollinger Band widened during the late session, which typically indicates rising volatility and a possible breakout. The price found temporary support at the lower band earlier in the day but has since moved toward the upper edge, suggesting traders are cautiously optimistic about further gains.

Fibonacci Retracements

Fibonacci retracement levels provided important context for key price levels during the session. The 0.001095 JPY level corresponds to the 61.8% retracement of a recent bullish swing, indicating strong support. If the price breaks above the 0.001102 JPY level, the next target could be the 78.6% retracement at approximately 0.001110 JPY. On the downside, a breach of 0.001083 JPY may trigger a test of the 38.2% retracement at around 0.001078 JPY.

Backtest Hypothesis

A backtesting strategy focused on identifying Bullish Engulfing patterns in PEPEJPY would benefit from reliable OHLCV data over the past several years. Unfortunately, the data retrieval for this specific ticker has not been successful due to the "get_asset_base_info node not found" error. This likely indicates that the ticker symbol or exchange context is not recognized by the data provider. To move forward, we could attempt to use an alternative symbol like “PEPEUSDT” and then translate the returns into JPY if needed. Alternatively, we could refine the ticker with an exchange suffix, such as “PEPEJPY.BINANCE,” to ensure the data provider can locate the correct market. Clarifying the exact market or choosing a more liquid pair with JPY exposure would be the most efficient path forward. If PEPEJPY is not available, PEPEUSDT with a JPY conversion would serve as a viable proxy for the strategy.