Market Overview for Pepe/Yen (PEPEJPY) – 24-Hour Analysis

Summary
• Price formed a bullish engulfing pattern near 0.000623, suggesting potential short-term strength.
• Volume spiked sharply during the 13:30–13:45 ET session, coinciding with a 0.000634 high.
• RSI remained in neutral territory, while Bollinger Bands indicated moderate volatility.
• Price found key support at 0.000622 and bounced multiple times.

Pepe/Yen (PEPEJPY) opened at 0.000629 on 2025-12-15, reached a high of 0.000634, and closed at 0.00063 on 2025-12-16. Total volume was 5,184,511,774 units, with a notional turnover of approximately $3,255,114 based on the dataset.

Structure & Key Levels

The price formed a bullish engulfing pattern near 0.000623, suggesting a reversal from bearish to bullish momentum. A doji near 0.000634 at the end of the session highlighted indecision. Support appears to be consolidating around 0.000622, where the price has bounced multiple times over the past 24 hours. Resistance is currently forming at 0.00063 and 0.000632, both of which have been tested but not decisively broken.

Momentum and Indicators

Relative Strength Index (RSI) hovered around neutral levels, indicating neither overbought nor oversold conditions. MACD lines showed a narrowing of the bullish divergence, suggesting waning momentum. Bollinger Bands reflected moderate volatility, with the price moving inside the upper and lower channels, showing no signs of a breakout or breakdown.

Volume and Turnover

Volume spiked sharply during the 13:30–13:45 ET window, reaching a peak of 1.48 billion units, coinciding with a high of 0.000634. This suggests strong buyer interest during that period. However, turnover volume declined afterward, indicating a possible exhaustion of upward momentum.

Notable divergence was seen around 0.000627, where price moved higher but volume did not confirm the strength.

Fibonacci Retracement Levels

Applying Fibonacci retracement levels to the 5-minute chart, the 0.000622 level corresponds to a key 61.8% retracement, offering strong support. A break below this level could target 0.000620, while a breakout above 0.000634 may aim for 0.000637.

In the next 24 hours, PEPEJPY may test 0.000632 for a possible breakout. However, investors should be cautious of the risk of a pullback toward 0.000622 should volume and momentum falter.