PEPE Climbs 10% as Golden Cross Signals Possible Further Gains in Hot Memecoin Market

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. Meanwhile, the wider memecoin sector, according to the CoinDesk Memecoin Index ( CDMEME ), rose 11.4% in the last 24 hours. Despite a pullback from the highs, PEPE has established a strong support level near $0.0000101, according to CoinDesk Research's technical analysis data model. Fibonacci extension levels suggest the price could push toward $0.0000110 if the rally holds. The cryptocurrency has outperformed the wider cryptocurrency market over the last 24 hours, as measured by the CoinDesk 20 ( CD 20) index, which rose 5.92% in the same period.