The frog-themed memecoin PEPE saw a 10% increase within 24 hours, reaching $0.00001049, driven by a golden cross technical pattern suggesting bullish momentum. Trading volume surged to an impressive 13.7 trillion tokens in an hour, indicating strong market interest. The price climbed from $0.00000949 to as high as $0.00001077 before a slight retreat. A golden cross occurs when a short-term moving average crosses above a long-term average, often predicting a sustained rally. Alongside PEPE, the broader memecoin sector saw an 11.4% rise, with the wider cryptocurrency market, as measured by the CoinDesk 20 index, up 5.92%. PEPE has established a support level around $0.0000101, and technical indicators suggest potential upward movement towards $0.0000110 if bullish conditions persist.

Source šŸ”—