PEPE, a meme coin, has experienced a significant surge in the crypto market. It has reached a new all-time high of $0.00002567 and a market cap of $10 billion. The rally is supported by a breakout from a falling channel on the daily chart and a golden crossover between the 200-day and 50-day simple moving averages. The surge in price is influenced by its listings on major exchanges, increasing demand and trading volume. However, the rally may be driven by hype and there is a possibility of a retest of lower levels if bullish momentum weakens. Fibonacci levels suggest a potential target of $0.000042 if the bullish momentum continues. A giant whale has booked significant profits from the rally.



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