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Pepe (PEPEUSD) Bullish Trend Might Hit the $0.0000134 Resistance Value

Johnathon Fox
07/22/2024 | UPDATED ON: 07/22/2024

Pepe (PEPEUSD) Price Forecast: July 22
Pepe price has seen a notable surge in investors’ interest following the bullish trend which might hit the $0.0000134 resistance level. The token is currently hovering above the $0.0000120 high level, eyeing more gains ahead. Based on the outlook, if the resistance level rises above the $0.0000134 value, continuation of the upside is ensured.

Key Levels:
Resistance Levels: $0.0000120 $0.0000121, $0.0000122
Support Levels: $0.0000097, $0.0000096, $0.0000095

PEPE (USD) Long-term Trend: Bullish (4H Chart)
On the daily chart, the PEPEUSD bullish trend might hit the previous high value as it indicates a fundamental increase above the moving average line following the recent market surge. This is due to the significant impact of buy investors on the crypto.
Pepe (PEPEUSD) Bullish Trend Might Hit the $0.0000134 Resistance Value
The bulls’ sustained rally at the $0.0000121 high level during yesterday’s session has made it possible for the coin price to maintain a bullish trend above the supply levels in its recent high.

Today, the bulls’ control over the Pepe market is affirmed by today’s daily bullish candle at the $0.0000122 barrier level above the moving averages, showing more bulls’ presence in the market.

If buyers should intensify their efforts, the bullish trend might hit the $0.0000134 resistance point, bringing more buy traders to the coin market.

In addition, the PEPEUSD market is indicating an uptrend on the daily stochastic, implying the action of the bullish trend, which might hit the $0.0000134 resistance level soon as the bulls look for more gains in its long-term perspective.

PEPE (USD) Short-term Trend: Bullish (1H Chart)
On the lower time frame, the PEPEUSD market is bullish. The bullish trend might hit its previous high soon to attract more buyers to the crypto market.
Pepe (PEPEUSD) Bullish Trend Might Hit the $0.0000134 Resistance Value
The successful breakout by the bulls to the $0.0000117 supply value during yesterday’s session has made it possible for the PEPEUSD market to show a fundamental increase above the resistance level in recent times, and this might hit the $0.0000130 previous high mark soon.

The market price of Pepe which increases from $0.0000121 to the $0.0000122 high level above the moving averages, suggests an uptrend in the context of the strength of the market and might hit the $0.0000130 resistance level.

Thus, closing the 1-hour session above the $0.0000130 high level will accelerate the coin price to a significant level at the upside.

Hence, the PEPEUSD pair pointing up on the daily stochastic means that the bullish trend might continue, and suggests a possible recovery to hit the high of $0.0000134 supply level in the coming days in the lower time frame.

Buy Pepe on Longhornfx

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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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