Pepe (PEPEUSD) Price Forecast: May 29
The Pepe market price at this moment is suggesting a buying time, featuring a stable uptrend and an optimistic outlook for coin buyers. The crypto is facing high pressure from the bulls, on the other hand, if the coin prices hold above the $0.0000172 current price level, the bulls’ trend will likely continue and the upper high mark of $0.0000180 might be reached soon.
Key Levels:
Resistance Levels: $0.0000169 $0.0000170, $0.0000171
Support Levels: $0.0000099, $0.0000098, $0.0000097
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe turns positive and suggests a buying time today. The price is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buy trader and signifies a buy signal.
The sustained bullish pressure at the $0.0000160 resistance level during yesterday’s session has made it possible for the coin to suggest a buying time and remain strong above the supply levels in its recent high.
The price finds reliable resistance at around level $0.0000172 above the EMA-50 as the daily chart commences today, resulting in intraday gains. This indicates a buying time for the coin investors.
Therefore, if the buying pressure continues and the bulls close the daily chart above the current price level, further bearish movements will be halted.
Meanwhile, the PEPEUSD price might retain its buying time as indicated by the daily signal pointing upwards. If the buy traders can trigger their buying pressure, the price might remain positive to reach a $0.0000180 supply level soon in its medium-term time frame.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
On the 4-hour chart, prices are above the moving averages suggesting a buying time, and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
The bullish impact on the crypto to the $0.0000162 supply level during the previous action has sustained its fundamental growth above the supply levels in recent times.
The PEPEUSD price rises to a $0.0000168 high level above the moving averages as the 4-hourly chart begins today. This is due to a high bullish impact on the market price, suggesting a buying time and investment opportunity for the interested traders.
Should the buying momentum be triggered, the $0.0000162 current supply level might be surpassed, leading to a potential investment opportunity and a buy signal for the coin investors.
Notably, the Pepe market might remain in its buying time as shown by the daily signal pointing upwardly. As a result, more gains and strength are expected from the coin. The pair may likely reach the $0.0000180 resistance level soon in its medium-term view.
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