PEPE Stalls at New Lows as Bitcoin Dominance Soars
At approximately $0.00000265, PEPE has been in a state of slow decline, down roughly 9.4% on the week. Its Bollinger Bands and RSI indicate extreme oversold territory, suggesting that it hasn't yet reached capitulation.
The stochastic is reading at 2.50/%K and 2.00/%D, essentially zero, indicating a potential mechanical relief bounce. However, the MACD histogram has gone flat-to-bearish near zero, confirming that the prior downward momentum has stalled.
Volume across all venues has collapsed, from $107-115M to sub-$60M on CoinGecko and a skeletal $4-5M on Binance spot alone. This suggests that every seller who wants out has exited, but buyers are not driving a recovery.