PEPE Token Rises 10% Amid Golden Cross and Memecoin Market Surge
The memecoin PEPE increased by 10% in 24 hours, reaching $0.00001049, supported by positive technical signals amidst a broader memecoin market rise.
- Price rose from $0.00000949 to $0.00001049, peaking at $0.00001077 before slightly retracting.
- A golden cross pattern formed on PEPE’s chart, indicating potential for sustained bullish momentum.
- Trading volume surged, with 13.7 trillion tokens traded in one hour and 7.7 trillion afterwards.
- The wider memecoin sector, as per the CoinDesk Memecoin Index, rose by 11.4% in the last 24 hours.
- PEPE established a strong support level near $0.0000101; Fibonacci levels suggest a potential price target of $0.0000110 if the trend continues.
- PEPE outperformed the broader cryptocurrency market, which saw a 5.92% increase as measured by the CoinDesk 20 index.