Market Overview: PEPEJPY 24-Hour Analysis on 2025-09-23

• PEPEJPY rose from 0.001414 to 0.001443 amid uneven volume flows, with 5.2% net gains in 24 hours.
• Key resistance at 0.001445–0.001450 and support at 0.001424–0.001428 defined consolidation phases.
• Momentum accelerated mid-session, with RSI reaching 60–65 and no overbought signals.
• Volatility expanded late in the day, marked by a broad high-low range of 0.001441–0.001445.
• Volume spiked during the 0.00143–0.001445 range, confirming strength in higher prices.

The Pepe/Yen pair (PEPEJPY) opened at 0.001414 on 2025-09-22 at 12:00 ET and surged to a high of 0.001445 before closing at 0.001441 at 12:00 ET on 2025-09-23. The 24-hour period saw a total volume of 60.1 billion PEPE and a notional turnover of approximately $84,000 (assuming a Yen-based conversion). The price action reflected a steady move upward after a morning correction, with buyers asserting control after 02:00 ET.

The pair’s structure suggests a potential reversal of a prior bearish trend. A bullish engulfing pattern emerged around 03:30 ET, where a large candle absorbed the previous bearish bar. This formation, coupled with a 15-minute 20/50 EMA crossover, signaled a near-term shift in momentum. Resistance levels formed at 0.001445 and 0.001450, while 0.001424–0.001428 provided recurring support. Notably, the 0.001428–0.001431 zone saw heavy volume and price consolidation before the breakout.

Structure & Formations

A bullish continuation pattern emerged after a bearish correction in the early hours. Key levels include a 0.001445–0.001450 resistance cluster and 0.001424–0.001428 for support. A doji appeared at 06:45 ET, hinting at indecision, but was quickly followed by a strong reversal. The 15-minute RSI pushed into overbought territory during the final hours, suggesting caution ahead of a potential pullback.

Moving Averages

On the 15-minute chart, the 20 EMA crossed above the 50 EMA (golden cross) near 03:30 ET, reinforcing the bullish bias. On the daily chart, the 50 EMA sits at 0.001429, just below the current price. The 100 and 200 EMAs are lower, around 0.001423 and 0.001421, respectively, indicating a retesting of prior bearish levels.

MACD & RSI

The MACD turned positive and crossed above its signal line, confirming bullish momentum. RSI reached 64 at the peak of the day, avoiding overbought territory for now. A minor divergence appeared between the RSI and price during the 15:00–15:45 ET correction, but this was quickly negated by a rebound.

Bollinger Bands

Volatility increased significantly after 02:00 ET, with the upper Bollinger band expanding to 0.001445. Price stayed near the upper band for several hours, confirming strong momentum. A contraction occurred briefly at 07:00 ET, followed by a breakout to the upside. The bands suggest a possible pullback to the mid-band at 0.001435–0.001436 before a continuation.

Volume & Turnover

Volume spiked during the breakout phase, with the largest single 15-minute bar at 0.001436–0.001441. Notional turnover also surged in the 03:30–05:00 ET window, reflecting increased participation. Price and volume aligned well during the breakout, offering confirmation of strength. However, the volume profile was uneven, suggesting a mix of institutional and retail buying.

Fibonacci Retracements

Fibonacci levels on the 15-minute swing (0.001424–0.001441) show key levels at 38.2% (0.001434), 50% (0.001432), and 61.8% (0.001439). The price found support at 0.001434 and 0.001439 before pushing higher, suggesting these levels could play a role in near-term consolidation. On the daily chart, the 0.001424–0.001445 range aligns with a 61.8% retracement of the previous downtrend, indicating potential for a 76.4% target at 0.001451.

Backtest Hypothesis

A backtest could evaluate a breakout strategy triggered by a 15-minute bullish engulfing pattern and a 20/50 EMA crossover. A long entry could be placed after the close of the engulfing candle, with a stop-loss placed below the prior swing low of 0.001424. A take-profit target could be set at the next Fibonacci level (0.001439 or 0.001445), or alternatively, a trailing stop based on Bollinger band width. Given the recent volume confirmation and momentum alignment, this setup appears valid for a short-term (1–3 hours) trade.