Market Overview for Pepe/Yen (PEPEJPY)

Summary
• Price surged to 0.000978 before retreating toward 0.000932, with 0.000948 as a key 24-hour support.
• Momentum waned in afternoon ET, with RSI near 50 and no overbought/oversold extremes.
• Volume surged during the peak rally but tailed off, suggesting potential exhaustion.
• Bollinger Bands showed a moderate expansion, with price closing near the midline.
• A bullish engulfing pattern formed around 0.000942–0.000964, hinting at possible near-term follow-through.

24-Hour Snapshot

At 12:00 ET on January 3, 2026, Pepe/Yen (PEPEJPY) opened at 0.000885, reached a high of 0.000978, and closed at 0.000932 after hitting a low of 0.000885. The 24-hour volume was approximately 11.4 billion units, with a notional turnover of nearly 10.3 million.

Structure & Formations

Price action revealed a strong bullish thrust in the early morning hours, with a clear countertrend pullback in late afternoon ET. A bearish correction followed, which tested the 0.000932–0.000941 range as immediate support. A key resistance appears at 0.000964, with a bullish engulfing pattern forming around 0.000942–0.000964 that may signal a potential rebound if buyers reassert themselves.

Moving Averages and Momentum

On the 5-minute chart, the 20- and 50-period moving averages crossed into a bullish alignment during the morning rally but have since flattened or reversed. The RSI remains in neutral territory near 50, with no clear overbought or oversold signals. The MACD has flattened after a positive peak, suggesting waning momentum.

Volatility and Bollinger Bands

Bollinger Bands expanded during the price surge, with the close near the midline, suggesting a possible consolidation phase. Volatility remains elevated compared to the prior 24 hours, with intraday ranges expanding as the rally progressed.

Volume and Turnover

Volume spiked during the morning rally, especially in the 02:00–04:00 ET window, but declined sharply after 06:00 ET. Turnover peaked at 2.25 million during the 06:45 ET candle, which closed at 0.000923—a bearish reversal from a high of 0.000955. The divergence between volume and price may indicate weakening conviction in the rally.

Fibonacci Retracements

Fibonacci levels from the 0.000885 to 0.000978 swing show a 61.8% retracement at 0.000939, which aligns with recent support levels. If the price breaks below 0.000932, the next target is the 0.000915–0.000920 range.

In the next 24 hours, watch for a potential test of 0.000932–0.000941 support and a possible bounce if buyers re-accumulate near these levels. However, a breakdown below 0.000920 may trigger further short-term weakness, particularly if volume remains muted. Investors should remain cautious and monitor key Fibonacci and Bollinger Band boundaries for directional bias.