PEPE Surges on Golden Cross Formation, Supporting Calm Market Sentiment

PEPE Gains 3.7% as Market Sentiment Improves, Golden Cross Signals Bullish Potential

The frog-themed memecoin PEPE is making strides upward, driven by positive technical signals and easing geopolitical tensions that have lifted spirits across the crypto sector.

Over the last 24 hours, PEPE’s price has increased 3.7%, reaching $0.00000967.

The latest rally comes in the wake of U.S. President Donald Trump confirming that he won’t postpone the July 9 deadline for reciprocal tariffs. At the same time, optimism has grown over a potential trade pact between the U.S. and India, and cooling hostilities between Iran and Israel have allowed traders to refocus on economic fundamentals.

Technically, PEPE is exhibiting steady bullish momentum, forming a sequence of higher lows at $0.00000920, $0.00000927, and $0.00000948, according to analysis from CoinDesk Research.

Earlier in the trading session, PEPE briefly surged past resistance at $0.00000963, with trading volume spiking during the move — an indication of strong buying interest.

Adding to the positive outlook, the token has established a golden cross, a technical formation where the 50-day moving average crosses above the 200-day moving average. While often interpreted as a bullish signal hinting at potential larger gains, experts caution that the golden cross is a lagging indicator and should be analyzed carefully.