Pepe Crypto Trapped Between Bearish Daily Bias and Short-Term Bounce

Pepe crypto remains in a precarious position as it navigates between bearish and bullish signals. The daily timeframe still leans bearish, with an RSI(14) reading of 41.34 indicating that the market has not been flushed out completely.

However, on lower timeframes such as the 1-hour chart, momentum is turning higher, with RSI(14) reaching 60.26. The 15-minute chart shows a bullish regime with an RSI(14) of 62.86, the strongest reading across all three timeframes.

This divergence between short-term and long-term signals creates tension in the market, making it challenging for traders to determine the direction of the trend. According to CoinGecko, Bitcoin dominance sits at 56.5% of a total crypto market cap north of $2.29 trillion, with a modest increase of 0.72% over 24 hours.

The Fear & Greed Index reads 46, classified as 'Fear', indicating that the broader market is cautious and not panicking.