Why is Pepe rising? Course increase through golden cross, while trade optimism stabilizes the cryptoma market
PEPE
The popular frog memo coin, because signs of relaxing the global tensions trigger a wave careful optimism on the cryptoma markets.
The token has increased by 3.7 % in the last 24 hours and achieved a value of $ 0.00000967.
The rally takes place after US President Donald Trump has not considered extending the impending period of July 9 for the entry into force of his mutual tariffs. US and Indian government representatives indicated a new trade agreement, while the tensions between Iran and Israel relax, which enables investors to concentrate on economic fundamental data again.
Pepe's price indicates a number of higher low points at 0.00000920, 0.00000927 and $ 0.00000948, which indicate a steady upward pressure, according to the technical analysis data model from Coindesk Research.
Resistance is emerging at around $ 0.00000963, a level that Pepe used to briefly broke in the session. The trading volume increased significantly during the outbreak, which is a signal that the buyers are determined to continue the courses.
Pepe also formed a golden cross, in which its 50-day average crossed the 200-day average upwards. This pattern is often associated with the potential of large price increases, but is considered a delayed indicator.
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