Pepe (PEPE) Surges 20.5% Amid Bullish Crypto Market Momentum

Pepe (PEPE) has experienced a significant surge in value, with a 20.5% increase over the past week. This upward trend is part of a broader bullish momentum observed across the crypto market. The trading volume for PEPE has remained consistently high, exceeding $1 billion for six consecutive days, with a total of $9.4 billion in PEPE traded during this period. This substantial trading volume indicates a growing demand for the token and supports a bullish price prediction for PEPE in the near term.

Adding to the bullish sentiment, the Securities and Exchange Commission (SEC) recently acknowledged a filing from Canary Capital to list a Pudgy Penguins (PENGU) ETF. This development has sparked speculation that PEPE could be the next meme coin to receive ETF treatment, further fueling investor interest and optimism.

Open interest in PEPE futures has also seen a dramatic increase since April 2025, jumping from $200 million to $685 million. This surge in open interest is a clear indication that both investors and traders are increasingly interested in the token, further supporting the bullish outlook for PEPE.

Popular crypto trader @JakeGagain recently shared a video outlining a bullish Pepe (PEPE) price prediction. Gagain highlighted the strong correlation between PEPE and Ethereum (ETH), suggesting that as ETH rallies, PEPE is likely to follow suit. Gagain also predicted that PEPE could become the top-performing meme coin of this cycle, potentially even surpassing Shiba Inu (SHIB) to become the second most valuable meme coin globally.

Technical analysis of PEPE shows that the token broke above a key three-touch trend line resistance last Wednesday and surged the next day, tagging its 200-day EMA before entering a 5-day consolidation phase. This price action resembles classic accumulation, potentially setting the stage for a breakout toward the next liquidity target at $0.00001600. Additionally, the 9-day and 21-day EMAs have just completed a bullish crossover, known as a golden cross, which often precedes explosive upside moves.

The high trading volumes, even with muted price movement, suggest that quiet accumulation is underway. While it may not hit $1 anytime soon, the signs point to a move higher in the near future. As big players prepare for the next breakout, other top crypto presales like SUBBD are gaining momentum, offering major upside to early investors.