Market Overview for PEPEJPY: 24-Hour Review and Outlook

Summary
• PEPEJPY consolidated between 0.000932–0.000950 with bearish 5-minute patterns suggesting exhaustion.
• Volatility spiked during 04:30–05:30 ET as price dropped sharply to 0.000934 on heavy volume.
• MACD crossed neutral with bearish momentum, while RSI hovered near 30, signaling potential oversold conditions.
• Bollinger Bands narrowed before a break below the lower band at 0.000934, suggesting short-term bearish bias.
• Turnover increased during the 21:45–22:00 ET session but failed to trigger a sustained rebound.

Pepe/Yen (PEPEJPY) opened at 0.000946 on 2026-01-10 12:00 ET, reached a high of 0.000950, and closed at 0.000944 on 2026-01-11 12:00 ET, with a low of 0.000932. The 24-hour volume was 7.26 billion units, and turnover reached $6.86 million.

Structure & Key Levels

The 5-minute chart showed a bearish continuation around 0.000944, with a key support at 0.000934 and resistance at 0.000950. A bearish engulfing pattern was visible at 02:30 ET, confirming a short-term reversal after an earlier bullish rally. A doji at 05:30 ET signaled indecision as price tested the lower band of a recent channel.

Volatility and Momentum

Bollinger Bands narrowed ahead of the 04:30 ET break, before expanding as price dropped to 0.000934. The MACD crossed into negative territory, suggesting waning bullish momentum. RSI approached oversold territory (~32), hinting at a potential bounce from 0.000934.

Volume and Turnover

Volume surged to $1.45 million during the 21:45–22:00 ET session but failed to push price higher. Another spike at 04:30 ET coincided with a sharp sell-off to 0.000934. The final 5-minute bars showed thin volume, suggesting reduced conviction on the downside.

Retracements and Fibonacci Levels

Fibonacci retracements from the 0.000932–0.000950 swing identified a 50% level at 0.000941 and a 61.8% at 0.000945. Price stalled near 0.000945 late on 2026-01-11, suggesting the level could become short-term resistance if buyers return.

Price may test the 0.000934–0.000944 range in the next 24 hours, with a potential bounce or break likely depending on volume support. Traders should monitor the 0.000945–0.000946 zone for early signs of bullish re-entry or renewed bearish momentum.