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PEPE Price Rises on Golden Cross as Trade Hopes Steady Crypto Market
Technical analysis suggests steady upward pressure, with PEPE forming a series of higher lows and briefly piercing a resistance level .
Jul 2, 2025, 3:40 p.m.
What to know:
- PEPE has risen 3.7% in the last 24 hours to $0.00000967, driven by a wave of optimism across crypto markets amid easing global tensions.
- Technical analysis suggests steady upward pressure, with PEPE forming a series of higher lows and briefly piercing a resistance level at $0.00000963.
- PEPE formed a golden cross, with its 50-day moving average crossing above the 200-day average, a bullish signal that is often associated with potential for major rallies.
PEPE (PEPE), the popular frog-themed memecoin, is charging higher as signs of easing global tensions stir a wave of cautious optimism across crypto markets.
The token climbed 3.7% in the last 24 hours, rising to $0.00000967.
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The rally comes as U.S. President Donald Trump said he isn’t considering extending the looming July 9 deadline for his reciprocal tariffs to go into effect. U.S. and Indian officials hinted at a new trade agreement, while tensions between Iran and Israel have cooled, allowing investors to pivot back toward economic fundamentals.
PEPE’s price points to a series of higher lows, at $0.00000920, $0.00000927, and $0.00000948, that suggest steady upward pressure, according to CoinDesk Research's technical analysis data model.
Resistance looms at around $0.00000963, a level PEPE briefly pierced earlier in the session. Trading volume spiked during the breakout, a signal that buyers are serious about pushing higher.
PEPE has also formed a golden cross pattern, where its 50-day moving average crossed above the 200-day average. The pattern is often associated with potential for major rallies, though it is a lagging indicator.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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