PEPE Surges 3.7% as Global Tensions Ease

PEPE, the popular frog-themed memecoin, has seen a significant rise in its price, climbing 3.7% in the last 24 hours to reach $0.00000967. This surge is driven by a wave of optimism across crypto markets, fueled by easing global tensions. The rally comes as U.S. President Donald Trump indicated that he is not considering extending the July 9 deadline for his reciprocal tariffs. Additionally, U.S. and Indian officials hinted at a new trade agreement, and tensions between Iran and Israel have cooled, allowing investors to focus more on economic fundamentals.

Technical analysis suggests that PEPE is experiencing steady upward pressure. The token has formed a series of higher lows at $0.00000920, $0.00000927, and $0.00000948, indicating a bullish trend. PEPE briefly pierced a resistance level at $0.00000963 earlier in the session, with trading volume spiking during the breakout, signaling serious buyer interest in pushing the price higher.

Furthermore, PEPE has formed a golden cross pattern, where its 50-day moving average crossed above the 200-day average. This pattern is often associated with the potential for major rallies, although it is considered a lagging indicator. The golden cross is a bullish signal that suggests the token's price may continue to rise in the near future.