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Pepe (PEPEUSD) Buyers are Getting Stronger

Johnathon Fox
05/15/2024 | UPDATED ON: 05/15/2024

Pepe (PEPEUSD) Price Forecast: May 15
The Pepe market remains positive today again. The coin buyers are getting stronger as the crypto market is gradually flipping upwards. Based on market data, the coin may continue its bullish movement if buyers should aggressively increase their activities in the market. The coin might further climb up to the $0.0000120 upper resistance level and beyond, resulting in an investment opportunity for coin buyers.

Key Levels:
Resistance Levels: $0.00000700 $0.00000800, $0.00000900
Support Levels: $0.00000300, $0.00000200, $0.00000100

PEPE (USD) Long-term Trend: Bullish (Daily Chart)
PEPEUSD buyers are getting stronger as the coin price continues to rise above the supply levels in the higher time frame. The coin price is now strongly trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
Pepe (PEPEUSD) Buyers are Getting Stronger
The sustained bullish pressure was able to push the coin price upside to a $0.00000894 high level before the end of yesterday’s session; this has enhanced the crypto buyers to remain stronger above the supply levels in its recent high.

Today, the market price of Pepe at the $0.00000986 high level which is above the moving averages as the daily chart opens implies that the coin buyers are getting stronger, and from the look of things, it will keep growing.

Hence, there is a tendency for the coin to rise further, if the support level remains stable, this will enable buyers to continue getting stronger the more and take the price up to a high of $0.0000120 level soon in its long-term perspective.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
PEPEUSD buyers are also getting stronger here on the medium-term outlook. The bulls have the market at their disposal at the moment as the coin prices are traded strongly above the supply levels, this affirms its bullish trend.
Pepe (PEPEUSD) Buyers are Getting Stronger
The bulls made it to a $0.00000894 resistance level during yesterday’s session and sustained it. This has made it possible for the coin buyers to remain stronger above the trend levels in its recent high.

Today’s market value of Pepe at a $0.00000986 supply value above the two moving averages as the 4-hourly session opens today affirms that buyers are getting stronger on the crypto market. Trading above the moving averages will enable the market value of PEPEUSD to keep trending up.

In addition to that, with the daily stochastic pointing upwards, we can expect more bullish action, if all the support holds in place. The price of PEPEUSD might jump up to the $0.0000120 upper high level soon as the coin buyers remain getting stronger in its medium-term outlook.

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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.

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