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Pepe (PEPEUSD) Soars as Bullish Sentiment Hits New Heights

Johnathon Fox
02/29/2024 | UPDATED ON: 02/29/2024

Pepe (PEPEUSD) Price Forecast: February 29
Pepe market soars higher as bullish sentiment hits new heights. The coin price shows a remarkable recovery as it hits the $0.00000229 upper high level. Thus, if the coin closes above the current price level, the accelerated buying pressure may increase the coin price to hit the $0.00000240 upper resistance level, resulting in an intraday gain and a potential crypto signal for the coin holders.

Key Levels:
Resistance Levels: $0.000002000 $0.000002100, $0.000002200
Support Levels: $0.000001000, $0.000000090, $0.000000800

PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe market price returns on recovery momentum as the bullish sentiment hits a new height in its long-term outlook. The bulls are trying on the coin to increase more and not to fall this time around. Further, the coin prices are traded strongly above the EMA-50, this confirms a bullish trend.
Pepe (PEPEUSD) Soars as Bullish Sentiment Hits New Heights
The coin has been having a series of moves by the bulls, making it convenient for the price to remain firm in an uptrend in its recent high.

Today’s daily bullish candle at the $0.00000229 supply value above the moving averages confirms the bulls’ dominance in the market.

However, as the PEPEUSD price soars, the bullish sentiment may reach a new height at the $0.00000230 supply mark if the bulls could add more effort to the buying forces in the market.

In a like manner, Pepe price indicates an upward momentum on the daily signal, this indicates that the pair will continue to soar and the bullish sentiment may hit a new height at the $0.00000240 upper resistance trend mark soon in its long-term outlook.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The crypto is also soaring higher, and the bullish sentiment may soon hit the upper resistance level in its medium-term view. Despite the minor moves by the short traders, the PEPEUSD price remains in an uptrend. The price currently trades above the EMA, which has confirmed its bullishness.
Pepe (PEPEUSD) Soars as Bullish Sentiment Hits New Heights
The crypto has been having a series of higher highs and higher lows, making it possible for the price to remain stronger in an upward trend in its recent high.

Earlier today, the coin buyers caused a rise in the price of Pepe to a high at the $0.00000220 level above the moving averages.

This current trend will enable the coin price to soar higher and hit a new height at a key psychological level at the upsides which will create an area of interest for the coin buyers.

Additionally, with the price pointing upwards on the daily stochastic, the PEPEUSD bullish sentiment may continue and this could hit a new height at the $0.00000240 upper resistance level soon in its medium-term outlook.

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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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