PEPE Price Surges 50%, Eyes Key Resistance Zone

The PEPE cryptocurrency has experienced a significant price surge, increasing by about 50% over the past week and reaching a nine-month high near $0.0000049.

According to analyst Giannis Andreou, the key resistance zone for PEPE is between $0.0000048 and $0.0000055, and a confirmed breakout could open higher targets between $0.0000065 and $0.000016.

Andreou also noted that PEPE has formed a golden cross between its 50-day and 200-day moving averages, which can be a bullish indicator for traders.

However, rising transfers to centralized exchanges could increase short-term selling pressure on the cryptocurrency, as investors move their holdings from self-custody wallets.