This price action has set PEPE up for potentially higher climbs, with traders and investors closely monitoring for sustained movements above these key moving averages to confirm further upside potential.
This development marks an optimistic phase for PEPE, indicating that the asset may be gearing up for an extended rally.
Investors are now eyeing higher resistance levels as PEPE continues its upward trajectory in the crypto markets.
Pepe Price Golden Cross Signals Major Rally
Additionally, the frog-themed memecoin recently experienced a significant technical development: the golden cross.
This bullish signal occurred as the 50-day moving average surged above the 200-day moving average, a widely recognized indicator of potential major bullish momentum in the market.
Leading up to this event, PEPE’s price showed steady upward movement. The completion of the golden cross has historically been a precursor to prolonged bullish periods.
The sharp increase in trading volume accompanying the crossover further reinforces the strength of this trend, suggesting robust buyer interest.
The market’s reaction was immediate, with PEPE’s price ascending sharply following the golden cross.
