Overview

The popular frog-themed memecoin PEPE has experienced a 10% increase in value over the past 24 hours, reaching $0.00001049. This surge is attributed to a golden cross pattern that indicates possible enduring bullish momentum. The price peaked at $0.00001077 during early trading, showing strong support at around $0.0000101.

Trading Volume

The rally coincided with a dramatic increase in trading volume, hitting 13.7 trillion tokens traded within just one hour, emphasizing the rally’s intensity.

Market Performance

As PEPE gains traction, it has outperformed the broader cryptocurrency market. For context, the CoinDesk 20 index reported a 5.92% increase during the same timeframe.

Technical Indicators

The formation of the golden cross has drawn attention from traders, as it suggests the potential for a more extended price rise. This indicator forms when a short-term moving average surpasses a longer-term average.

Conclusion

PEPE’s continued success may hinge on maintaining its support levels, with predictions suggesting the price could rise to $0.0000110 if the upward momentum persists.