PEPE Price Surges 50% as Golden Cross Forms

The price of meme coin PEPE has surged over the past week, increasing by roughly 50% to a nine-month high of $0.0000049.

This rise is being attributed to the formation of a golden cross on the 50-day/200-day moving average, a setup typically seen as highly positive for price growth.

X user Plazma notes that PEPE has formed this golden cross, which could indicate further upward momentum.

However, analysts caution that meme coins are highly volatile and driven more by hype and speculation than fundamentals.

As a result, investors who want to get involved in the project should be aware of the potential risks and be prepared for significant price fluctuations.