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Pepe (PEPEUSD) Recovery Pattern Could Reach $0.000001500 Price Level

Johnathon Fox
09/06/2023 | UPDATED ON: 09/06/2023

Pepe (PEPEUSD) Price Forecast: September 6
It is actually time to grow again for the PEPEUSD pair as the cryptocurrency maintains a stable upside today. Thus, the crypto’s recovery pattern could reach the $0.000001500 price level and might actually face more upsides if the bulls increase their activities in the market. Hence, resulting in a great profit for coin buyers.

Key Levels:
Resistance Levels: $0.000001200 $0.000001300, $0.000001400
Support Levels: $0.000000900, $0.000000800, $0.000000700

PEPE (USD) Long-term Trend: Bullish (4H Chart)
Pepe is bullish in its higher time frame. The price responded to the shift in the market structure and is currently trading above the EMA-9 and the recovery pattern could reach the overhead resistance.
Pepe (PEPEUSD) Recovery Pattern Could Reach $0.000001500 Price Level
The bulls’ momentum to a $0.000000787 high value during the previous action has enabled the growth of PEPEUSD above the supply trend levels in its recent high.

The coin is recovering from the low dips as fresh buying emerges near the supply level following the upward race. An increase to the $0.000000800 resistance level above the EMA-9 as the 4-hour chart opens today indicates the high buying level of the buying traders.

If the bulls could add more momentum to their swagger and breach the $0.000001417 resistance, the next resistance level to watch out for would be around the $0.000001437 price level.

Similarly, the market price of Pepe is pointing up on the daily stochastic; this means that the momentum in the coin price will likely remain and continue in an upward move.

Thus, the next recovery price could reach the $0.000001500 supply level soon in its higher
time frame.

PEPE (USD) Short-term Trend: Bearish (1H Chart)
The PEPEUSD price is forming lower lows and lower highs on its short-term chart. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment.
Pepe (PEPEUSD) Recovery Pattern Could Reach $0.000001500 Price Level
However, this will soon be invalidated as the trend has just resumed its recovery pattern but has not yet reached its goal.

Today, the price of Pepe rebounded from the $0.000000784 low to a $0.000000800 high level below the two EMAs as the 1-hour chart opens, this indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner.

Thus, should the buy investors put more effort and close the 1-hour chart above the $0.000000897 supply trend line, further bearish sentiment will be invalidated.

Additionally, the price of Pepe is also pointing in an upward direction, this suggests that the coin market price recovery pattern will most likely continue and this could reach a high at $0.000001500 mark sooner in its short-term perspective.

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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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