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Pepe (PEPEUSD) Price Reclaims the $0.00000094 High Mark

Johnathon Fox
09/01/2023 | UPDATED ON: 09/01/2023

Pepe (PEPEUSD) Price Forecast: September 1
The PEPEUSD market is positive today as it reclaims the $0.00000094 high mark above the supply trend levels. Buyers initiated a new recovery cycle within the pattern’s channel and reached the above-mentioned high. If the bullish momentum rises, the coin buyers may breach the $0.00000200 previous supply trend line as a signal to continue the recovery trend. The post-breakout rally may drive the prices higher to a $0.00000250 high level and beyond, resulting in a great profit for the coin buyers.

Key Levels:
Resistance Levels: $0.00000150 $0.00000160, $0.00000170
Support Levels: $0.00000100, $0.00000090, $0.00000080

PEPE (USD) Long-term Trend: Bullish (4H Chart)
The PEPEUSD pair is trading in the bullish trend market in its long-term outlook. The price bar can be seen trading above the EMA-9 and has confirmed its bullishness.
Pepe (PEPEUSD) Price Reclaims the $0.00000094 High Mark
The bulls have sustained the crypto market at the $0.00000091 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger at the moment.

The price of Pepe reclaims the $0.00000094 high mark as the 4-hour chart opens today; this is due to the high buying level of the traders. If the bullish momentum persists, a breakout above the accumulation zone of $0.00000200 level with a candle closing will signal a strong buy signal for interested traders.

In addition, the daily stochastic indicates an upward trend with a huge volume from the buying traders, this means that the buy investors may likely continue with the bullish correction pattern which might further extend the PEPEUSD price to reach the $0.00000250 resistance mark soon in its long-term outlook.

PEPE (USD) Short-term Trend: Bullish (1H Chart)
The price of PEPEUSD can be seen trading above the supply levels on the short-term outlook indicating an uptrend. The bulls’ pressure on the coin in the past few hours has made it reclaim the $0.00000094 high mark in its recent high.
Pepe (PEPEUSD) Price Reclaims the $0.00000094 High Mark
Buyers caused a rise in the price of Pepe to a $0.00000094 high level above the moving averages today; the underlying sentiment suggests an uptrend in the context of the strength of the market.

Thus, the price could go higher than the current price, if the bulls can put more tension to the activities in the market. Hence, the supply inflows are suspected to rise in the coming days in the lower time frame as shown by the daily stochastic indicating. A significant level of $0.00000250 might be reached.

Buy Pepe on eToro

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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