In a lively twist to the memecoin market, PEPE, the frog-themed digital asset, leapt 10% within 24 hours, reaching a high of $0.00001049. This jump, sparked by intriguing technical signals, underscores a broader rally in the memecoin market as observed on July 4, 2025.
A Leap Forward: PEPE’s Market Rally
PEPE’s price climbed from $0.00000949 to $0.00001049, with a brief flirtation at $0.00001077 in early trading before easing back. The catalyst? A “golden cross” on the charts—a scenario where the short-term moving average outpaces the long-term average. This pattern, cherished by traders for its bullish implications, suggests that PEPE might be gearing up for a sustained upward trajectory.
Traders certainly took notice, with trading volumes skyrocketing to 13.7 trillion tokens in a single hour as the price began its ascent. Even after the initial surge, volumes remained robust at 7.7 trillion tokens, highlighting the rally’s intensity. According to the CoinDesk Memecoin Index (CDMEME), the broader memecoin sector mirrored this enthusiasm, climbing 11.4% over the same period. This mirrors trends seen in other memecoins, such as BONK, which has been leading the charge as detailed in BONK Leads Memecoin Amid Crypto Rally While the Token Approaches 1M Holder Milestone.
The Technical Picture: Analyzing PEPE’s Potential
Despite a slight retreat from its peak, PEPE has found a solid footing near $0.0000101, according to CoinDesk Research’s data. This level might act as a springboard for further gains, especially if Fibonacci extension levels are anything to go by. They suggest that should the rally maintain its momentum, PEPE could target a price of $0.0000110.
The token’s recent performance has outshone the broader cryptocurrency market, as evidenced by the CoinDesk 20 (CD20) index’s 5.92% increase in the same timeframe. Such outperformance raises eyebrows among traders and analysts alike, with many pondering whether PEPE’s rally is a fleeting phenomenon or the start of something more substantial. This surge is part of a larger trend in the crypto market, with Bitcoin also experiencing significant gains, as reported in Bitcoin Price Shoots Toward $110K while Fartcoin and BONK Lead Meme Coin Gains: Market Watch.
Historical Context and Future Prospects
The memecoin market is no stranger to wild swings and speculative fervor. PEPE, like its canine-themed counterpart Dogecoin, taps into a cultural zeitgeist, leveraging internet memes to foster community and drive engagement. Yet, these assets often ride the rollercoaster of volatility, with fortunes made—and lost—on the back of social media-driven hype.
As PEPE continues its upward march, questions linger about the sustainability of this rally. Market watchers are keenly observing whether the golden cross’s bullish promise will materialize into a longer-term trend or if the market’s fickle nature will prompt a reversal.
Conclusion: A Market in Motion
As of today, PEPE stands as a testament to the dynamism of the memecoin market, capturing the imagination of traders and crypto enthusiasts alike. Whether this momentum can sustain itself in the coming weeks remains a tantalizing question. With potential resistance and support levels outlined, traders will undoubtedly keep a close eye on PEPE’s chart, ready to pounce on any further opportunities—or retreat at the first sign of trouble. The memecoin world is unpredictable; that’s part of the allure. And for now, PEPE is riding high on that wave of unpredictability.
Source
This article is based on: PEPE Climbs 10% as Golden Cross Signals Possible Further Gains in Hot Memecoin Market
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
