Pepe (PEPEUSD) Price Forecast: July 8
Today, PEPEUSD bullish momentum emerged as the bulls drove the coin price from an intraday low of $0.0000076 to a 24-hour day high of $0.0000098 level, indicating a fundamental increase. Thus, a bullish breakout past the $0.0000172 previous high level may set eyes on the next resistance level at $0.0000180 before attempting another rally.
Key Levels:
Resistance Levels: $0.0000099 $0.0000100, $0.0000101
Support Levels: $0.0000071, $0.0000070, $0.0000069
PEPE (USD) Long-term Trend: Bearish (Daily Chart)
On the daily chart, the PEPEUSD bullish momentum emerged with a bullish sentiment after updating the downward movements. The coin price is moving towards the resistance line, indicating a bearish trend.
The bears’ sustained rally to a $0.0000076 low point during yesterday’s session has slowed the crypto price action in recent times.
Today, the bullish momentum emerged as the Pepe price rises to a $0.0000098 high level as a pullback below the EMA-50, as the daily chart opens.
However, with high buying pressure and positive sentiment, the crypto has the potential to touch the $0.0000172 previous supply level and attract more investors.
Additionally, the Pepe price may continue to show a fundamental increase and attract more investors as indicated by the daily stochastic pointing up.
Thus, the bulls could aim at the psychological level of $0.0000180 upper resistance value as soon as the bullish momentum emerged to attract more buyers in its long-term perspective.
PEPE (USD) Medium-term Trend: Bearish (4H Chart)
In the medium term, the PEPEUSD market shows that bullish momentum has emerged again. The coin price is trending high towards the resistance levels, suggesting a bearish market. 
The bears’ drop to a $0.0000088 low value below the moving averages in the past action has retained the coin price below the supply level in its recent high.
Today, as the 4-hourly chart starts, the bullish momentum emerged, as the PEPEUSD price increases to the $0.0000098 high mark, indicating a growing confidence among buyers.
Thus, a potential breakout from the current resistance of $0.0000098 to hit the $0.0000138 previous supply value will give additional confirmation for a bullish recovery, if the bulls can increase their efforts in the market.
Meanwhile, buyers may likely continue with the bullish momentum as indicated by the momentum indicator pointing upwards, indicating that buyers will still be in control of the PEPEUSD market and this might hit the $0.0000180 resistance level soon as the bullish momentum emerges in its medium-term view.
Buy Pepe on Longhornfx
Leave a Reply