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Pepe (PEPEUSD) Hints a Rally to the $0.00000786 High Mark

Johnathon Fox
04/25/2024 | UPDATED ON: 04/25/2024

Pepe (PEPEUSD) Price Forecast: April 25
Amid the post-halving recovery, PEPEUSD hints at a rally to the $0.00000786 high level and remains positive. The coin price has witnessed a renewed buying pressure which makes it one of the top leading meme coins. The coin is rising at the moment; therefore, if buyers are successful in the pattern breakout, the upside moves might test the previous supply level of $0.0000108, which could further hint at the $0.0000120 upper resistance level, indicating an active correction.

Key Levels:
Resistance Levels: $0.00000500 $0.00000600, $0.00000700
Support Levels: $0.00000250, $0.00000200, $0.00000150

PEPE (USD) Long-term Trend: Bullish (Daily Chart)
On the daily chart, the PEPEUSD price hints at a rally 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) Hints a Rally to the $0.00000786 High Mark
The bulls’ high order flow on the crypto at the $0.00000698 level during yesterday’s session has made it possible for it to hint at a rally above the supply level lately.

At the time of writing this article, the coin buyers hint at a rally up to the $0.00000786 high value above the EMA-50 as the daily chart opens today, with intraday gains. This shows that the Pepe market price is trending up.

Hence, a strong push above the $0.0000108 supply level will offer strong resistance to the crypto price.

In addition, the Pepe market is showing more upside possibilities as indicated by the daily signal pointing up, we can certainly expect the coin to continue trending up and hint at a rally to the $0.0000120 supply mark soon in its long-term outlook.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
Pepe price hints at a rally above the trend levels facing the upper channel in its medium-term outlook which indicates that the coin is in a bullish scenario.
Pepe (PEPEUSD) Hints a Rally to the $0.00000786 High Mark
The successful breakout by the bulls to the $0.0000698 supply value during yesterday’s session has made it possible for the PEPEUSD market to hint at a rally above the trend levels in recent times.

The market price of Pepe which hints at a rally to the $0.00000782 high level suggests an improved bullish market sentiment. Thus, a potential breakout from the immediate resistance of $0.00000786 will give additional confirmation for a bullish recovery, if the bulls can increase their efforts in the market.

Meanwhile, buyers are likely to continue with the current trend as indicated by the momentum indicator pointing upwards, this means that buyers will still be in control of the PEPEUSD market and this might hint at a rally to the $0.0000120 resistance level soon in its medium-term view.

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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 →
Previous Post: « Arbitrum (ARBUSD) Price Might Touch the $2.500 Supply Level
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