Pepe Crypto's Bounce Fails to Shift Daily Bearish Bias

Pepe crypto is experiencing a short-term bounce in the market, but the daily chart still favors sellers. The Fear & Greed Index reads 46, classified as 'Fear', indicating that capital is still gravitating towards Bitcoin rather than higher-beta meme coins.

The broader market has not made up its mind, with Bitcoin dominance at 56.5% of a total crypto market cap above $2.29 trillion. The daily RSI(14) reading of 41.34 keeps the higher timeframe in a bearish regime.

On lower timeframes, momentum is turning higher, but this may not be enough to challenge the dominant daily bias. The bullish scenario would require the short-term momentum to flip the daily regime itself and persist long enough to pull the daily RSI decisively back above the midline.