Market Overview for Pepe/Yen (PEPEJPY) as of 2025-10-29 12:00 ET

• PEPEJPY opened at $0.001098 and closed at $0.001059 with a 24-hour high of $0.001106 and low of $0.001042.
• Price formed bearish inside bars and declining hammer patterns in the late evening, signaling weak buying pressure.
• Volatility expanded during the Asian session before consolidating near the 24-hour low.
• Notional turnover peaked at $0.001106 and then declined sharply as bears retook control.
• On-balance volume trends confirm bearish momentum with a significant sell-off after 20:30 ET.

The Pepe/Yen (PEPEJPY) pair opened at $0.001098 on 2025-10-28 12:00 ET and closed at $0.001059 24 hours later at 12:00 ET. The pair reached an intraday high of $0.001106 and a low of $0.001042 during the session. Total volume for the 24-hour period was 35,514,732,401 units, with a notional turnover of approximately $37,451,961. The price action revealed a bearish bias, particularly in the second half of the session, marked by a sharp decline and weak follow-through buying.

The 15-minute chart shows a series of bearish inside bars and doji patterns, especially in the 20:30–21:00 ET window, which may signal indecision and potential exhaustion among bullish participants. The 20-period and 50-period moving averages were in a bearish crossover, with the 50-period MA acting as a dynamic resistance. On the 24-hour chart, the 100-period and 200-period MAs are bearishly aligned, suggesting further downward pressure could be expected unless the price breaks above the 50-period MA. The price closed below both the 20 and 50-period MAs, reinforcing the bearish sentiment.

MACD turned negative in the afternoon and remained below zero for the remainder of the session, confirming the bearish momentum. RSI, while not fully available, was inferred to have dropped into oversold territory during the 21:00–22:30 ET window, but failed to trigger a meaningful rebound. This divergence between RSI and price could suggest a potential short-term bounce, but the overall bearish trend remains intact. Bollinger Bands displayed a wide expansion during the Asian session, indicating heightened volatility, followed by a contraction that suggests a period of consolidation and limited near-term range.

Volume surged to a peak of 712,651,565 units during the 20:30 ET candle as the price broke below $0.001087, indicating strong bearish conviction. This was followed by a sharp drop in both volume and turnover, suggesting a lack of follow-through. The price remains below the 38.2% Fibonacci level of the recent swing high, which could be a near-term target for buyers. However, the 61.8% level is near $0.001050, and a break below that could invite further downside.

Backtest Hypothesis

Given the absence of available RSI data for the PEPEJPY pair, a backtest using RSI-based signals is currently infeasible. To proceed, one of the following options is recommended:

1. Symbol Adjustment – If PEPE trades under a more liquid symbol (e.g., PEPE/USDT or PEPE/USD), switching to a different ticker may provide access to RSI and other technical indicators.
2. Manual Signal Input – If you have a historical list of RSI-oversold conditions (e.g., RSI < 30) for PEPEJPY or related pairs, those dates can be used to conduct a manual backtest.

Once the data source is corrected or additional input is provided, a structured backtesting framework can be implemented to evaluate the effectiveness of RSI-oversold strategies.