Pepe (PEPEUSD) Price Forecast: September 2
After a period marked by bearish trends, the PEPEUSD now experiences a bullish reversal at $0.00000773 current, showing signs of recovery as investors’ confidence grows. The cryptocurrency is attempting to build momentum, and the coin price may likely bounce up further if the investors could add more interest to the token and sustain above the pattern supply trend line at $0.00000984. The coin price may trigger up to the overhead resistance mark at the $0.0000100 level, resulting in a potential gain for the investors.
Key Levels:
Resistance Levels: $0.000000750 $0.00000800, $0.00000850
Support Levels: $0.00000650, $0.00000600, $0.00000550
PEPE (USD) Long-term Trend: Bearish (4H Chart)
The PEPEUSD experiences a bullish reversal as the coin investors aim for significant resistance levels and potential gains in the long-term outlook. We have also spotted a breakout and the start of a continuation to the upside below the EMA-50, suggesting a bearish trend.
Actions of the bears to a $0.00000737 low mark in the past session also contributed to Pepe’s bearishness in its recent low. However, the market sentiment will turn bullish sooner, as it experiences a bullish reversal aiming at a significant resistance level.
At the press time, the PEPEUSD market experienced a bullish reversal at the $0.00000773 resistance level below the EMA-50 as a correction phase with intraday gains. Such lower price rejection indicates that buyers are defending this level and attempting to increase the crypto price.
Hence, a strong push above the $0.00000984 supply level will offer strong resistance to the crypto, as it experiences a bullish reversal.
That being said, the daily signal indicates that the Pepe market might continue the bullish reversal correction by pointing upwards. Therefore, more strength is expected from the coin investors, and this might drive the PEPEUSD price to a $0.0000100 supply mark in the coming days as it experiences a bullish reversal for potential gains in its long-term outlook.
PEPE (USD) Short-term Trend: Bearish (1H Chart)
The short-term chart of PEPEUSD shows that investors are gaining momentum as the coin price experiences a bullish reversal, aiming at the supply levels.
The Pepe market is demonstrating a tentative return to strength as it experiences a bullish reversal at the $0.00000773 resistance level below the moving average as the 1-hourly session resumes today, attempting to build momentum, suggesting near-term price gains.
Thus, a potential breakout from the mentioned resistance will confirm bullish recovery, if the bulls could increase their efforts in the Pepe market.
Meanwhile, the PEPEUSD buyers are clustered around the market as indicated by the momentum indicator pointing upwards, indicating that the bullish reversal phase might continue.
As a result, the spike in Pepe’s noticeable recovery sentiment may hit the $0.00000100 resistance level in the days ahead as the crypto price experiences a bullish reversal in its short-term view.
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