Bitcoin Dominance Retreats to 59.94% As PEPE Holds Above $0.05585 Support

Bitcoin share has fallen 1.00% to $59.94, as it traverses a rising broadening wedge pattern.

The existing arrangement presents the possibility of volatility growth which depicts the escalation of competition between buyers and sellers.

PEPE remains stable above its $0.05585 support, trading within a narrow 24-hour range despite market shifts.

Bitcoin’s market dominance has begun showing visible signs of softening after an extended climb. According to the latest statistics, the leadership of Bitcoin is at approximately $59.94, and it decreases daily by 1.00%. The 4-hour chart structure brings out a broadening wedge formation upwards that is commonly represented by diverging trendlines and consecutive highs. This setup suggests a potential change in direction as dominance fluctuates within the widening price channel.

The recent rejection from the upper boundary of the wedge corresponds with a visible shift in capital flow across the broader market. Notably, several mid-cap and meme-based assets have begun to attract attention during this phase. Among these, PEPE has emerged as a closely watched token due to its steady activity near technical support levels.

Expanding Wedge Structure Signals Rising Market Volatility

The chart pattern shows a clear ascending wedge with both the upper and lower trendlines expanding over time. Each upward leg has produced higher highs, yet the latest movement indicates a potential slowdown. The wedge’s structure reflects rising volatility as buyers and sellers compete for control. If this formation continues to unfold, dominance may narrow further in upcoming sessions.

As Bitcoin’s share of total crypto capitalization softens, smaller assets may experience increased trading volume. However, current conditions remain within the pattern boundaries, keeping the focus on short-term breakout behavior.

PEPE Price Holds Near Support Amid Narrow Range

Meanwhile, PEPE’s market performance shows limited downside pressure despite the broader dominance shift. The currency is trading at about $0.055994, which is a drop of 2.6 percent in the last 24 hours. The volatility during the session was low and it has been trading between the ranges of $0.05585 and $0.056188.

PEPE is currently undervalued by 0.0105877 BTC or by 2.2 per cent every day and its ETH counterpart is at 0.081750 ETH or 1.7 per cent. These values indicate relative resilience compared to recent fluctuations in larger assets. For now, the $0.05585 support zone continues to serve as a short-term floor while traders monitor dominance changes for further context.