Pepe/Tether (PEPEUSDT) Market Overview

• Pepe/Tether (PEPEUSDT) advanced by 2.38% in 24 hours, driven by strong volume and price consolidation above key support.
• Notable bearish divergence in RSI suggests potential momentum slowdown despite higher highs.
• Volatility expanded as Bollinger Bands widened; price tested 20-period MA multiple times.
• Strong volume spikes in late-night ET indicate increased participation ahead of key levels.

Pepe/Tether (PEPEUSDT) opened at $0.00001087 on 2025-09-17 at 12:00 ET, reached a high of $0.00001166, and closed at $0.00001141 on 2025-09-18 at 12:00 ET. The 24-hour volume totaled $1.017 trillion with a notional turnover of $11.41 million. The price trended higher on strong volume, consolidating above key support at $0.00001135 and approaching resistance at $0.00001165.

Structure & Formations

The 15-minute chart showed a series of bullish consolidations, with a strong bullish engulfing pattern forming around 19:30 ET. A long lower shadow at $0.00001139 and a higher close signaled buying pressure. A doji formed at 20:45 ET, suggesting indecision near $0.00001110. Key support levels include $0.00001135 and $0.00001105, while resistance remains at $0.00001165 and $0.00001175.

Moving Averages

On the 15-minute chart, the 20-period moving average sits at $0.00001133, while the 50-period MA is at $0.00001137. Price has crossed above both, indicating bullish momentum. On the daily chart, the 50/100/200-period MAs align between $0.00001120 and $0.00001130, suggesting a potential trend reversal from prior bearish bias.

MACD & RSI

The MACD crossed above its signal line around 19:30 ET, confirming a bullish crossover. RSI reached 65 at $0.00001145, signaling near overbought conditions, though not extreme. A divergence between RSI and price near $0.00001150 suggests potential bearish correction.

Bollinger Bands

Volatility increased significantly during the 24-hour period, with the upper band expanding to $0.00001167 and the lower band contracting to $0.00001123. Price spent the last 3 hours trading within the upper band, indicating strong bullish momentum and possible exhaustion.

Volume & Turnover

Volume surged in the late-night ET hours, especially between 00:00 and 03:00 ET, with a total of $1.35 trillion traded during that window. Notional turnover also spiked during this period, confirming price action and suggesting accumulation by institutional or large retail players.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level at $0.00001152 acted as a key support-turned-resistance. Daily retracements from the recent high suggest a potential pullback to $0.00001115 (61.8%), with $0.00001130 as a critical pivot.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern formation above the 20-period MA, with a stop-loss placed below the 61.8% Fibonacci level. A target could be set at $0.00001165 (the nearest resistance). This setup aligns with the observed MACD crossover and volume confirmation in the 19:30–21:00 ET window.