The popular frog-themed memecoin PEPE surged 10% in 24 hours to reach $0.00001049, fueled by technical signals that could point to more upside amid a wider memecoin market rise.
The token climbed from $0.00000949 to $0.00001049, hitting a peak of $0.00001077 in early trading before retracing slightly.
A key technical pattern, a golden cross, where the short-term moving average rises above the long-term average, has formed on PEPE’s chart, hinting at sustained bullish momentum.
A golden cross is widely watched in trading circles because it suggests that recent buying pressure might carry over into a longer-term rally.
Trading volume spiked significantly during the rally, hitting 13.7 trillion tokens in a single hour as the price started lifting, and 7.7 trillion later on, underscoring the intensity of the rally.
