Pepe (PEPEUSD) Price Forecast: March 18
There is a possibility of the PEPEUSD pair jumping up to a significant level at the upsides following the current high buying pressure. The coin will still go further if the current support at $0.00000907 value holds. The crypto’s price may continue its upside moves to a $0.0000120 high level, provided the bulls increase their actions in the market.
Key Levels:
Resistance Levels: $0.00000500 $0.00000600, $0.00000700
Support Levels: $0.00000300, $0.00000200, $0.00000100
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
The market value of PEPEUSD can be seen jumping up to the upper resistance level despite the interference of the bears in its long-term outlook. The price is trading above the supply levels which indicates its bullishness.
The persistent pressure from the bulls at the $0.0000108 supply level in the past few days has contributed to its bullishness in its recent high.
Today, the bulls are trying hard to remain above the supply levels, so the current pullback to $0.00000773 above the EMA-50 as the daily chart commences, is due to the high buying levels from the bulls and also confirms the price jumping above the current level soon.
However, the Pepe market could continue jumping up and grow further if the buy traders managed to break up the $0.0000108 previous high level, maintaining a further growth potential for the buy traders.
Hence, with the stochastic oscillator moving towards the oversold region of the market, the coin price may experience more buyers around the market and the crypto price may continue jumping up soon. As a result, the next price target might be the $0.0000120 upper resistance level soon in its higher time frame.
PEPE (USD) Medium-term Trend: Bearish (4H Chart)
From the chart below we can see the Pepe price has just resumed its jumping rally as the market selling pressure seems to have been exhausted in its medium-term outlook. The coin price is below the moving averages; this means that the coin is in a bearish market zone.
The bearish pressure at the $0.00000702 support level in the past few hours has made the coin stay below the supply trend levels in recent times.
Just a few minutes after the opening of the 4-hourly chart, the bulls returned and triggered the momentum up to 0.00000773 resistance value below the moving averages. This will enable the PEPEUSD pair to rise further.
If the coin price could sustain above the pattern supply trend line to revisit the previous high of $0.00000108 value, the potential recovery could assist buyers to reach the $0.0000120 upper high level, indicating a growth opportunity of 80% as the coin price continues its jumping rally. Thus, a buying time for the coin traders.
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