Pepe (PEPEUSD) Price Forecast: March 8
The PEPEUSD price at the moment is experiencing high pressure from the bulls and also retains its upbeat trend. The crypto is showing positive signs above the $0.00000630 supply value. If the market maintains its upbeat trend, the coin price might soon exceed the $0.00000827 level which could set the stage for a rally toward the $0.00000900 upper resistance area, suggesting it’s a good time to buy the asset.
Key Levels:
Resistance Levels: $0.00000821 $0.00000822, $0.00000823
Support Levels: $0.00000423, $0.00000422, $0.00000421
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
The PEPEUSD pair portrays a bullish sentiment and retains its upbeat trend in its long-term perspective. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present.
The persistent bullish pressure on the crypto in the past few days has enabled the coin market to retain its upbeat trend above the supply level in its recent high.
After completing the series of low-dips during yesterday by the sell traders, the upbeat trend continues today as the bulls made a corrective move to a high at the $0.00000824 mark above the supply trend levels as the daily chart opens today. This shows the high impact of the buy investors on the Pepe market; likewise, the downside risk remained uncertain.
An extension of this upbeat trend could test or even surpass the $0.00000827 resistance barrier if a further bearish trend is prevented.
Adding to that, the price action of Pepe is in an upward direction on the daily stochastic. This means the bulls might continue and also retain the current upbeat trend. Hence, the bulls could therefore aim at the psychological level of $0.00000900 resistance value as soon as the crypto retains its upbeat trend in its long-term perspective.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
Despite the interference of short-term traders in the price flow, the Pepe market in the medium-term time frame retains its upbeat trend.
The coin price can now be seen progressing upward above the resistance trend lines matching towards the upper resistance levels. This shows that buyers are currently gaining more strength in the market.
The coin has been having a series of moves by the bulls which has made it possible for the price to retain its upbeat trend above the supply levels in its recent high.
Today’s 4-hourly bullish candle at the $0.00000824 supply value above the moving averages confirms the bulls’ dominance in the market.
If the bulls should increase their price action, and bullish momentum is sustained far above the $0.00000869 resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. This means that the current upbeat trend will most likely continue, as a result, the market participants may witness a new recovery rally and this may likely reach the $0.00000900 high mark sooner as the PEPEUSD price retains its upbeat trend in its lower time frame. This signals a BUY trade again.
Buy Pepe on Longhornfx
Leave a Reply