The meme coin PEPE has experienced a significant price surge, soaring over 8% in just hours. Trading volumes have also dramatically increased by more than 82%, reaching $1.29 billion. This impressive jump is reflected in the crypto market cap, which now sits at $3.42 trillion and marks a notable rise for the meme coin market itself, with a surge of over 6% to $66.8 billion. The PEPE price reached highs of $0.00001291 after bulls cleared key resistance levels, currently trading around $0.00001264. The momentum is fueled by the meme coin’s strong buying pressure and a bullish trend as indicated by its Moving Average Convergence Divergence line and Chaikin Money Flow (CMF) indicator.