Coming in fourth on the metric, Pepe only lags behind Bitcoin, Ethereum (bolstered by the Spot ETFs), and Tron (bolstered by the Telegram integration) with 89.11%, 83.19%, and 82.07%, respectively.
However, with Pepe coming in fourth, it has topped the Memecoin sector despite Floki and Dogecoin following closely behind, with 76.85% and 74.99%, respectively.
PEPEUSD Technical Analysis
On the PEPEUSD 24-hour price chart, the technical indicators point to a continuation of the bearish pressure in the short term. The Relative Strength Index (RSI), for instance, has fallen below its signal line with a rating of 41.75. This RSI trend suggests that the selling pressure is increasing, which sets a precedence of a strengthening bear rally. Moreover, since it is yet to be oversold, the trend suggests that bearish momentum has room for more price decline.
