Why is PEPE Up? Price Rises on Golden Cross as Trade Hopes Steady Crypto Market
PEPE has risen 3.7% in the last 24 hours to $0.00000967, driven by optimism in crypto markets due to easing global tensions. This bullish momentum is supported by technical analysis showing a series of higher lows and a significant resistance level at $0.00000963 that PEPE briefly surpassed. Additionally, the formation of a golden cross, where the 50-day moving average crosses above the 200-day average, indicates potential for further rallies, although this is a lagging indicator. Recent developments, including U.S. President Donald Trump's non-extension of tariffs and positive discussions on a trade agreement between the U.S. and India, have helped shift investor focus back to economic fundamentals. The trading volume surged during the breakout, signaling strong buyer interest in pushing prices higher.
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