PEPE (CRYPTO:PEPE), a frog-themed meme coin, has surged by 22.41% in the past 24 hours, hitting a new all-time high (ATH) of $0.00001422 before slightly retracting to $0.00001356.

This rise is part of a broader bullish trend, with the coin also showing a 22.36% increase over the past week and a 107% surge over the past month.

Currently, PEPE is trading above its 50, 100, and 200-day EMAs, indicating a strong bullish position.

Despite these gains, the PEPE community needs to sustain high trading volumes to prevent a price reversal.

The coin faces challenges due to its speculative nature and lack of specific utility compared to other meme coins like Shiba Inu (CRYPTO:SHIB) and BONK (CRYPTO:BONK).