Market Overview for Pepe/Yen (PEPEJPY)

Summary
• PEPEJPY traded in a descending channel, with key support at 0.000942 and resistance at 0.000972.
• RSI and MACD signal weakening momentum and bearish bias in the short-term.
• Volatility decreased as price consolidated near 0.000943, with no significant divergence in turnover.
• Bollinger Bands tightened, suggesting a potential breakout or range-bound continuation.
• Volume surged during the breakdown below 0.000972, confirming bearish continuation.

24-Hour Snapshot

Pepe/Yen (PEPEJPY) opened at 0.000985 on 2026-01-09 at 12:00 ET, hitting a high of 0.001014 and a low of 0.000928 before closing at 0.000943 on 2026-01-10 at 12:00 ET. The 24-hour volume was 28.8 billion units, with a notional turnover of ~2.83 million JPY.

Structure & Moving Averages

Price action on the 5-minute chart formed a descending channel, with 0.000942 acting as a key support and 0.000972 as a key resistance. The 20-period and 50-period moving averages both trended downward, with price staying below both, indicating bearish momentum. On the daily chart, the 50-period MA crossed below the 200-period MA, reinforcing a bearish bias.

Momentum & Oscillators

The RSI for the 5-minute timeframe spent the majority of the period below 40, signaling a weak and potentially overbought bearish trend. The MACD line remained below zero, with a bearish crossover in the morning hours. Both indicators suggest momentum may be waning but remains bearish in the short term.

Volatility & Bollinger Bands

Bollinger Bands contracted during the night session, particularly between 02:00 and 05:00 ET, signaling a period of consolidation. Price broke out of this range after the 06:15 ET candle, closing at 0.000942 with volume confirmation. Volatility appears to be stabilizing, with no significant expansion seen in recent hours.

Volume & Turnover

Volume surged during the breakdown from 0.000972 to 0.000942, confirming the move lower. Turnover aligned with volume, with no divergences noted. The highest volume occurred at 06:15 ET as price fell below 0.000945. Volume has since decreased, with price consolidating near 0.000943.

Pattern & Fibonacci Observations

A bearish flag pattern formed between 0.000972 and 0.000942, with Fibonacci retracement levels suggesting potential support at 0.000942 (61.8%) and 0.000946 (38.2%). A potential bounce from this area could test the 0.000946 level before retesting the 0.000972 resistance.

Forward-Looking View

Price may test the 0.000942–0.000945 range for consolidation before deciding the next move. A break below 0.000942 could lead to a retest of 0.000938, while a reversal above 0.000946 may indicate a short-term bounce. Investors should remain cautious as volatility appears to be stabilizing ahead of potential news or market catalysts.