• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Pepe (PEPEUSD) Price Retains Its Upbeat Trend

Johnathon Fox
03/08/2024 | UPDATED ON: 03/08/2024

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.
Pepe (PEPEUSD) Price Retains Its Upbeat Trend
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.
Pepe (PEPEUSD) Price 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

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

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 →
Previous Post: « EURUSD Steady Ahead of Central Bank Events
Next Post: Lucky Block Price Prediction: LBLOCKUSD Begins Its Rising Pattern »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US