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The Pepe price surged 14% in the last 24 hours to trade at $0.00001481 as of 6:17 a.m. EST, with trading volume soaring 49% to $3.2 billion.
The rise in the PEPE price comes after the US and China agreed to slash the tariffs they put on each other’s goods for 90 days. This follows trade talks between both countries over the weekend in Geneva, Switzerland.
American levies on Chinese goods will drop from at least 145% to a base levy of 30% for the 90-day period, while Chinese levies are set to fall from at least 125% to 10% on American goods.
U.S. & CHINA AGREE TO CUT TARIFFS FOR 90 DAYS — U.S. DROPS TO 30% (FROM 145%), CHINA TO 10% (FROM 125%) — JOINT STATEMENT ISSUED FROM GENEV pic.twitter.com/qUBoOhUz0U
— Shay Boloor (@StockSavvyShay) May 12, 2025
The talks were led on the Chinese side by Vice Premier He Lifeng and on the US side by Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent.
“We concluded that we have shared interest and we both have an interest in balanced trade,” Bessent said at a press conference on Monday.
Following the trade deal news, the meme coin market pumped 3% in the last 24 hours to a $83 billion capitalization, according to data from Coingecko.
Can PEPE’s surge continue?
Pepe Price Crosses The 200-Day SMA, Poised For A Sustained Surge
The PEPE price chart has broken decisively out of a prolonged falling channel pattern, suggesting a strong shift in momentum.
After bottoming out in late April, the Pepe price surged aggressively, breaching both the 50-day and 200-day Simple Moving Averages. The breakout from the falling wedge pattern aligns with a classic bullish reversal structure, now transitioning into a potential continuation phase as the price of Pepe tests prior resistance levels.
Meanwhile, the Relative Strength Index (RSI) currently sits at a highly overbought level of 86.55, which typically signals a pullback or consolidation is likely in the short term, GeckoTerminal data shows.
The Moving Average Convergence Divergence (MACD) is firmly bullish with the blue MACD line well above the orange signal line and both above the zero line, confirming increasing positive momentum.
Given the breakout and strong indicator confluence, PEPE appears poised to challenge the resistance zone around $0.00001993, representing a potential 28% upside from current levels.
However, due to the overbought RSI, the price of PEPE could undergo a short-term pullback near the $0.00000919 range.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe Presale Surpasses The $9.5 Million Mark – Next 100X Crypto?
MIND of Pepe is a new cryptocurrency that harnesses the power of AI to identify cryptos that could be the next to rally.
The project’s autonomous AI agent lives on the internet, as well as on dApps and social media platforms like X. Here, it autonomously chats with the crypto community, using its patient ear to register the multiple opinions, biases, and insights from the crypto market, including sentiment around specific tokens.
Next, it throws all the data it has collected into its state-of-the-art hive-mind intelligence system, which connects the dots and analyzes various pieces of information to discover the next cryptos to explode.
The project continues to draw in investors, garnering over $9.07 million in early-stage funding.
Meanwhile, the team behind MIND of Pepe launched its AI agent on May 10. So, investors don’t have to wait until after the presale to tap into the model’s market insights.
MIND is a purpose-built intelligence system that ingests and cross-validates real-time data from across the crypto landscape.
The @MIND_agent is now live. Here are its components:
◉Persona-trained LLM for crypto-native communication
◎Semantic vector matching for context-aware… pic.twitter.com/P6R5DbC4uB— MIND of Pepe (@MINDofPepe) May 10, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 249% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0037515, and can be bought with either crypto or bank cards through the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast because MIND’s presale will end in about 18 days.
Visit the MIND of Pepe website.
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