- PEPE Surges 6% Amid Market Rally: The frog-themed memecoin erased a zero from its price, now trading at $0.000010, after rebounding from a low of $0.00000951.
- SEC Reportedly Dropping Coinbase Lawsuit: If confirmed, this could be one of the biggest legal wins for crypto, fueling Bitcoin’s climb toward $100K and boosting overall market sentiment.
- Key Resistance & Support Levels for PEPE: To sustain its rally, PEPE must break the 50-day SMA at $0.00001392, while support sits at $0.0000081 if a pullback occurs.
The frog-themed memecoin PEPE saw a 6% surge early Friday, riding the wave of a broader crypto market rebound. The rally came on the heels of reports that the U.S. Securities and Exchange Commission (SEC) is set to drop charges against Coinbase, a development that could reshape the regulatory landscape for crypto.
SEC to Drop Case Against Coinbase?
The SEC is rumored to be backing off its lawsuit accusing Coinbase of operating as an unregistered exchange. While the final decision awaits commissioner approval, if confirmed, this would mark one of the most significant legal wins for the crypto industry.
With Bitcoin ($BTC) climbing toward $100,000 for the first time since February, the entire crypto market turned green, fueling optimism.
PEPE Rebounds, Erases a Zero
As the market surged, PEPE clawed its way back from recent lows, erasing a zero from its price tag. Currently trading at $0.000010, PEPE had previously dropped to $0.00000951.
- Consolidation Range: Since February 7, PEPE has been trading within a tight range of $0.00000843 to $0.0000107.
- Recent Highs: Since February 19, the token has been steadily climbing, touching $0.00001015 in today’s session.
What’s Next for PEPE?
While PEPE’s recent rally is promising, the token needs to overcome key resistance levels to sustain upward momentum.
- Major Resistance: The 50-day Simple Moving Average (SMA) sits at $0.00001392—a key level that PEPE must break to gain further bullish traction.
- Market Sentiment: Overall crypto trends and trader sentiment will play a crucial role in determining whether PEPE can push higher or face a pullback.
- Key Support Levels: If momentum stalls, watch for a potential retest of support at $0.0000081.
Final Thoughts—Can PEPE Ride the Crypto Wave?
- If bullish momentum continues, PEPE could see larger gains ahead.
- If resistance holds, a pullback toward support levels might be in store.
- The SEC’s decision on Coinbase could have far-reaching effects on memecoins and the broader crypto market landscape.
For now, traders are watching closely—will PEPE keep climbing, or is another dip on the horizon?
