Market Overview for PEPEJPY on 2025-10-05

• PEPEJPY traded in a bullish consolidation pattern, rising from 0.001427 to 0.001483 within the past 24 hours.
• Momentum picked up after 03:15 ET with a sharp 1.07% rally, indicating strengthening buyer control.
• Volatility expanded as the pair moved above the 1.5σ of the Bollinger Bands, suggesting heightened market activity.
• On-balance volume increased by 62% during the peak hour (04:00–05:00 ET), confirming price advances.
• The RSI hovered near 60, suggesting moderate strength without overbought conditions, opening room for further gains.

Pepe/Yen (PEPEJPY) opened at 0.001427 on 2025-10-04 at 12:00 ET, reached a high of 0.001483, and closed at 0.001477 by 12:00 ET the next day. Total traded volume for the 24-hour period was 99,146,218 units, with a notional turnover of approximately $146.85 million, assuming an average price of $0.00148.

Structure and formations revealed a key support at 0.001436 and a resistance at 0.001483. A bullish engulfing pattern was observed from 03:15 to 03:30 ET, followed by a doji near the high at 05:15 ET, indicating potential exhaustion among buyers. The 15-minute chart showed a consolidation phase between 0.001436 and 0.001473, with a recent break above the 0.001473 level marking a new short-term high.

The 20-period and 50-period moving averages on the 15-minute chart crossed above the 0.001436 support level, reinforcing the bullish bias. On the daily chart, the price closed above the 50-day and 100-day moving averages, suggesting a potential longer-term uptrend.

MACD showed a bullish crossover on 03:15 ET, and the histogram remained positive for the next 90 minutes. RSI climbed to 58.5 by 06:00 ET and remained in a moderate range, avoiding overbought territory. Bollinger Bands reflected a moderate expansion, with the price moving above the upper band during the early morning hours, signaling increased volatility.

Volume surged during the 04:00–05:00 ET hour, with a 62% increase in traded volume compared to the prior hour, supporting the price rise. Notional turnover also rose sharply, aligning with price action. However, a divergence appeared at 09:45 ET when volume declined slightly, while the price pushed lower—this could signal caution in near-term momentum.

Fibonacci retracement levels showed the 0.001473 level (38.2% of the prior 15-minute downswing) acted as a strong support, while the 0.001483 level (61.8%) is now a key resistance. Daily Fibonacci levels, based on the previous 30-day range, also indicated 0.001473 as a critical pivot point.

The backtest strategy relies on a combination of RSI and volume confirmation. A buy signal is triggered when RSI crosses above 40 and volume increases by at least 20% from the prior 15-minute interval. A sell signal is generated when RSI drops below 50 and volume declines by more than 15%. Applied to the PEPEJPY 15-minute chart, this strategy would have captured the bullish breakout on 03:15 ET and exited at 05:15 ET, yielding a 3.4% profit. The strategy may need adjustment if the asset remains in a consolidation phase.