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KEK (KEKEUSD) Price Heading Towards the $0.00000004500 Supply Level

Johnathon Fox
08/02/2023 | UPDATED ON: 08/02/2023

KEK (KEKEUSD) Price Forecast: August 2
The KEKEUSD price is heading towards the $0.00000004500 supply level and it s likely to grow more which is an opportunity for long investors as the coin now faces a new correction phase at the $0.00000001744 resistance value. A possible breakout from this resistance will offer a higher footing for prices to bolster further price rallies. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $0.01167 value holds, and the 4-hourly chart closes above the $0.00000004321 resistance level, then there is a high probability of the price heading towards the $0.0000000450 upper resistance trend line and beyond.

Key Levels:
Resistance Levels: $0.00000003000, $0.00000003500, $0.00000004000
Support Levels: $0.00000001300, $0.00000001200, $0.00000001100
KEK (KEKEUSD) Price Heading Towards the $0.00000004500 Supply Level
KEK (USD) Long-term Trend: Bullish (4H Chart)
The price of KEK is currently trading in a bullish zone in its long-term view. The pressure from buyers actually adds to the bullish impact on the market.

The price bars are seen above the two EMAs, this means that buyers are coming in gradually to dominate the market.

The bulls increase their pressure and move the market price of the crypto up to the $0.00000001744 high level above the moving averages as the 4-hourly chart opens today. This makes it possible for KEKEUSD to remain positive and good for a BUY position.

In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bull run and the target might be the $0.00000004500 upper resistance level soon in its long-term outlook.

KEK (USD) Short-term Trend: Bullish (1H Chart)
The KEK’s price is losing bearish momentum in its short-term outlook as it rises above the $0.00000001570 resistance level. The currency pair’s orientation trades in a general bullish flow.
KEK (KEKEUSD) Price Heading Towards the $0.00000004500 Supply Level
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 $0.00000001744 resistance level above the supply trend level 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.

If the price sustains above the $0.00000001956 previous barrier, we can expect a good upside move up to its previous swing high of $0.00000002182, and then we can buy there as well.

In a like manner, the momentum indicator which is pointing up also indicates that the price action of KEKEUSD will remain on the upside, and a $0.00000004500 upper resistance level might be the target in the days ahead in its medium-term perspective.

Buy KEK on eToro

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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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