• 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) Shows Stability as It Approaches the $0.0000100 High Level

Johnathon Fox
05/10/2024 | UPDATED ON: 05/10/2024

Pepe (PEPEUSD) Price Forecast: May 10
PEPEUSD shows stability as it approaches the upper resistance level. The coin breakout after a constructive pullback to a $0.00000838 retracement level points to a higher potential for buyers to lead an extended recovery trend. Hence, the coin price will move higher above the current resistance level, if buyers should exert more force into the price action in the market, the $0.0000120 high trend line might be the target. Thus a relief signal for buy traders.

Key Levels:
Resistance Levels: $0.00000600 $0.00000700, $0.00000800
Support Levels: $0.00000300, $0.00000200, $0.00000100

PEPE (USD) Long-term Trend: Bullish (Daily Chart)
PEPEUSD remains bullish and shows stability as it approaches the upper channel in its long-term outlook. The bulls are trying not to fall this time around. Further, the coin prices are traded above the EMA-50, this confirms a bullish trend.
Pepe (PEPEUSD) Shows Stability as it Approaches the $0.0000100 High Level
The successful breakout by the bulls to the $0.00000824 supply value during yesterday’s session has made it possible for the Pepe market to show stability above the supply levels in its recent high.

The bulls continued with the up north journey and caused a rise to the $0.00000838 high level above the moving averages as the daily chart opens today, as it approaches the upper level. This indicates that the traders are actively buying at this level.

Hence, a strong push above the $0.0000108 supply level will offer strong resistance to the crypto price and also show stability in the crypto price.

Additionally, the Pepe market may continue to show stability in the price above the resistance levels as indicated by the daily signal pointing in an upward direction; this will quicken the emergence of more buyers to move the price up to a significant level in the upside and this might hit the $0.0000120 supply trend mark in the coming days as the PEPEUSD market continue to show stability above the supply levels in its higher time frame.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The coin price also shows stability above the supply levels and trades in a bullish trend market in the medium-term outlook. This is due to the high impact of the long-term traders on the price flow. The PEPEUSD pair is in a smooth uptrend as can be seen from the chart below.
Pepe (PEPEUSD) Shows Stability as it Approaches the $0.0000100 High Level
The high bullish impact on the crypto at the $0.00000816 high level in the previous action has enabled the coin price to show stability above the resistance levels lately.

On the 4-hourly chart today, there is a broader recovery in the prices. The cryptocurrency shows stability in price as the price of Pepe jumped up to a $0.00000838 high level above the moving averages as the bulls took to their stand in the market.

This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.

In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore head towards the $0.0000120 high value in no long time as the PEPEUSD price shows stability above the supply levels in the medium-term time frame.

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: « Lucky Block Price Prediction: LBLOCKUSD Price May Experience a Trend Reversal at the $0.0000301 Support Level
Next Post: USDJPY: Price Maintaining an Upside Channel »

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