KEK (KEKEUSD) Price Forecast: July 8
The KEK (KEKEUSD) price could see a major correction soon as the coin market now trades at the oversold region. If the current support at $0.000000021 value holds, and the bulls close the 4-hourly chart above the $0.000000043 resistance level, then there is a high probability of the price going up to its recent swing high, which is the $0.000000056 resistance trend line which might extend to the $0.000000065 upper resistance level resulting into an intraday gain for the coin buyers.
Key Levels:
Resistance Levels: $0.000000040, $0.000000050, $0.000000060
Support Levels: $0.000000020, $0.000000015, $0.000000010
KEKE (USD) Long-term Trend: Bullish (4H Chart)
KEK market is having a bullish posture in its long-term outlook as can be seen from the chart above. The price bar can be seen trading above the EMA-50, indicating a bullish trend.
This is due to the high impact of long-term traders on the price flow. However, the coin is about to see a major correction soon as the selling pressure seems exhausted.
The bullish pressure at the $0.000000043 supply level in the past few hours has made the coin stay above the supply trend levels in recent times.
The intervention from the bears now dropped the coin price to a low at $0.000000021 level above the EMA-50 even as the 4-hourly chart commenced today. Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong breakup above the $0.000000056 resistance point would strengthen the bullish pressure.
Meanwhile, the market is oversold already, which means that the selling momentum will end soon and the time to gain more strength from buyers is near.
In light of this, the next bullish correction phase could reach a high at the $0.0000ooo65 upper supply mark in the days ahead as we watch the KEKEUSD market turns bullish sooner in its long-term outlook.
KEK (USD) Short-term Trend: Bearish (1H Chart)
As an outcome of low volume from the bulls, the KEKEUSD pair is in a bearish trend on the 1-hourly chart. The price currently trades below the moving average lines confirming a downtrend. 
The price drop to the $0.0001900 low value during the previous action has made the price of KEK trade below the supply levels. This will soon be invalidated as the coin market now faces a major correction zone.
The sustained pressure from the bears at the $0.000000028 support level in the past few hours has contributed to its bearishness in recent times. The cryptocurrency has completed its correction and is now set for an upward momentum. The bulls have decided to shift the trend up after a series of lows shortly after today’s 1-hourly chart opens.
An increase to the $0.000000024 supply value below the two EMAs suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Meanwhile, further upsides are likely as the price signal is pointing upwards, this means that the upward rally will continue and may likely break up the $0.000000043 resistance value and this may reach the $0.000000065 supply value in the days ahead in the medium-term time frame.
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