Pepe (PEPEUSD) Price Recovers Modestly

Pepe (PEPEUSD) Price Forecast: August 8

The PEPEUSD price recovered modestly today, as the coin shows resilience with a bullish recovery pattern. The coin price is back in the green again as bulls push to reclaim the $0.00000800 resistance and hold the recovery opportunity with a bullish reversal pattern. The coin may likely bounce up to the $0.0000172 supply level as it faces the resistance level. However, the potential breakout from the immediate resistance of $0.00000808 will give additional confirmation for a bullish recovery, if the bulls could increase their efforts in the market, showing the investors’ confidence in the crypto.

Key Levels:
Resistance Levels: $0.00000700 $0.00000750, $0.00000800
Support Levels: $0.00000400, $0.00000300, $0.00000200

PEPE (USD) Long-term Trend: Bearish (Daily Chart)

The long-term chart shows the PEPEUSD price recovers modestly as the price is making its way towards the resistance line. The coin price is trending below the EMA-50, indicating a bearish trend.

The high order flow from the bears to a $0.00000585 low value in the last session has made the price remain below the supply levels in its recent high.

At the press time today, the Pepe price recovered modestly as the bulls pulled back to a $0.00000808 high level below the EMA-50, as the daily chart resumed, indicating more commitment from the bulls.

The coin has started to display a sign of recovery; thus, a breakout above the $0.0000172 previous swing high would allow buyers to regain control and potentially drive the crypto price toward the upper resistance area.

Additionally, the price of PEPEUSD might increase further if the bulls could push harder. If this is achieved, the coin price might bounce up to the $0.0000180 upper resistance level and beyond in the nearby days in its higher time frame.

PEPE (USD) Medium-term Trend: Bearish (4H Chart)

PEPEUSD may swing up to the upper resistance level soon as the price recovers modestly and shows more concerns from the bulls in its medium-term time frame.

The bearish pressure at the $0.00000703 support level in the past few hours has made the crypto price stay below the supply trend levels in its recent high.

The Pepe price recovers modestly as the bulls increase the crypto price to the $0.00000800 resistance level below the EMA-50 shortly after the 4-hourly chart opens.

If the bulls could push harder and sustain the coin price above the $0.0000131 supply level, the next target could be at the key level around the upper resistance area.

Similarly, the price signal pointing upwards indicates that the price of Pepe will continue to swing up and remain in an uptrend, if buyers should intensify their tension in the market, the $0.0000180 upper resistance level could be reached in the day ahead as the price recovers modestly in the medium-term outlook time frame.

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