Pepe Coin (PEPE) has recently experienced a substantial surge in its price, echoing the overall optimism in the cryptocurrency market.

This positive sentiment has sparked a shift in traders’ perceptions of PEPE, leading many to believe that the token could continue its upward momentum throughout the rest of October and beyond.

PEPE’s Price on the Rise PEPE’s price has increased by almost 6% since yesterday, with the token now trading at approximately the $0.000000656 level.

A notable development is that the price has breached the 50-day Exponential Moving Average (EMA) on the 4-hour chart, indicating a potential shift in the short-term trend.

This remarkable surge can be attributed to PEPE’s recent rebound from the support zone at $0.00000062, a level that was tested just last week.