• PEPE held above $0.054957 support despite a 3.5% daily decline.
• RSI near 49 and flat MACD confirmed neutral momentum conditions.
• Gains against BTC and ETH contrasted with dollar-based price weakness.

Pepe (PEPE) was down during the last 24 hours when the price moves were confined within a tight intraday range. PEPE was trading at the time of reporting at $0.055006, which is a 3.5 daily decrease. Price still held above its immediate support level in spite of the pullback. The trading pattern underlined the organization and restriction instead of the directional growth, creating a disciplined mood throughout the session.

Price Structure Remains Intact Within Defined Range

Notably, PEPE respected support at $0.054957 throughout the trading period. Price fluctuations stayed confined below resistance at $0.055225. However, the token did not approach that upper boundary with sustained momentum. 

Instead, activity clustered near the middle of the 24-hour range. This positioning reflected steady order interaction rather than accelerated movement. As trading progressed, the range itself became the dominant feature guiding price behavior.

Momentum Indicators Reflect Neutral Conditions

Alongside price action, momentum indicators remained balanced. The Relative Strength Index was at 49.12 and the signal line was at 48.61. These readings held the indicator in the midst of its neutral zone. Nevertheless, RSI never went into overbought or oversold. 

In the meantime, the Moving Average Convergence Divergence was close to the zero line. The histogram exhibited weak increase, which supported the lack of directional momentum. These indicators in combination corresponded to the range-bound price movement.

Crypto Pair Performance Adds Market Context

Nevertheless, PEPE was delegated as compared to major cryptocurrencies. The token was trading at 0.0105607 BTC which is related to the increase of 1.9%. Meanwhile, PEPE was traded at 0.081692 ETH, which is a 2.5 percent increase. These movements were during a fall in the price that is dollar-based

Consequently, the data pointed to shifting positioning within crypto pairs rather than broad market weakness. This relationship provided additional context as price remained anchored within its established range. Overall, PEPE remained range-bound, holding key support while momentum stayed neutral, as traders focused on positioning within crypto pairs rather than price expansion.