Market Overview for Pepe/Yen (PEPEJPY) on 2026-01-01

Summary
• Price traded in a tight range between 0.000624 and 0.000654, with a late-day breakout toward 0.000654.
• Volume spiked sharply during the 9:15–9:30 ET window, correlating with a 4.5% price move.
• RSI showed overbought conditions in the last 2 hours, suggesting potential near-term profit-taking.
• Bollinger Bands showed slight expansion, indicating growing volatility.
• A bullish engulfing pattern formed around 0.000640–0.000642, hinting at short-term bullish momentum.

Pepe/Yen (PEPEJPY) opened at 0.000637 and traded between 0.000624 and 0.000654 before closing at 0.000652 at 12:00 ET. Total traded volume was 456,011,592.0 units, and notional turnover reached 297,834.92 JPY.

Structure & Key Levels

The price found initial support near 0.000624 and later tested the 0.000632–0.000634 range, which acted as a short-term pivot before breaking higher. A notable bullish engulfing pattern formed between 0.000640 and 0.000642, suggesting buyers may have taken control near this level. Resistance appears to be forming around 0.000651–0.000653, where price has encountered consolidation.

Moving Averages and Momentum

On the 5-minute chart, price closed above the 20-period and 50-period moving averages, suggesting upward momentum. The 50-period line is currently at 0.000641, while the 20-period sits at 0.000643. The MACD crossed into positive territory and remained bullish into the final hours of the day. RSI reached levels above 70 in the last 2 hours, signaling overbought conditions and the potential for a short-term pullback.

Volatility and Bollinger Bands

Volatility showed a modest expansion as the Bollinger Bands widened, with the 20-period midline at 0.000640. Price spent most of the session near the upper band, particularly from 9:15–9:45 ET, before settling slightly beneath. This suggests growing volatility and increased interest in the pair as the session progressed.

Volume and Turnover

Volume spiked to over 135 million units during the 9:15–9:30 ET period, coinciding with a 4.5% move toward 0.00065. Turnover reached a peak of 87,779.51 JPY during this time, indicating strong institutional or large-scale participation. However, volume declined in the final 4 hours, suggesting consolidation rather than a breakout.

Fibonacci Retracements

Fibonacci levels drawn from the 0.000624 to 0.000654 move show the 61.8% retracement at approximately 0.000642, where price formed a bullish reversal pattern. The 38.2% level at 0.000639 also served as a minor support before the breakout. These levels could offer meaningful resistance and support if the current trend continues or reverses.

The pair may continue testing the 0.000651–0.000653 range over the next 24 hours, with a potential pullback if RSI levels remain overbought. Traders should watch for divergences in volume and momentum indicators as early signs of reversal.