Pepe ($PEPE) price surged for the second day, fueled by positive inflation data and Bitcoin’s rise above $59,000. The token reached $0.0000095, marking a 25% gain from its monthly low.
This rebound aligns with higher trading volumes, averaging $1.16 billion over three days, and an uptick in the crypto fear and greed index from 35 to 40. Pepe’s price held strong at the 200-day EMA, indicating robust support and potential bullish momentum.
Traders speculate that an upcoming Ethereum ETF approval could further boost Pepe and other meme coins. Whale activity also signals confidence, with significant purchases like 126.5 billion PEPE tokens worth over $1.5 million.
This trend highlights Pepe’s resilience and potential for further gains, suggesting strategic long-term opportunities in the crypto market.
