RSI is now in the neutral zone

The RSI index is currently at 50.5, after a brief rise above 70 on December 7. This indicates a change in market sentiment. The drop back to 50.5 suggests that the initial overbought conditions have weakened, and momentum is stabilizing. The indicator currently does not indicate overbought or oversold conditions.

The Relative Strength Index (RSI) is an oscillator that measures the speed and change of price movements on a scale from 0 to 100. An RSI value above 70 typically signals that an asset is overbought, while a value below 30 indicates that it is oversold.

An RSI of 50.5 indicates a neutral market sentiment, with no strong bullish or bearish momentum. In the coming days, this may mean that the price of PEPE could consolidate or trade within a range.