Pepe (PEPEUSD) Price Begins Its Bullish Waves

Pepe (PEPEUSD) Price Forecast: August 13

Today, in a bid to regain some lost ground, the PEPEUSD price begins its bullish waves as a sign of recovery after taking a beating in the last few days. The pair seems to be rising upwards despite the activities of the bears. If the forces from the buy investors in the market should increase and the coin prices are sustained above the $0.0000172 previous barrier levels, the ongoing bullish correction may likely extend and plunge prices to the $0.0000180 upper resistance trend levels and beyond, resulting in an investment opportunity for interested traders.

Key Levels:
Resistance Levels: $0.00000700 $0.00000750, $0.00000800
Support Levels: $0.00000500, $0.00000450, $0.00000400

PEPE (USD) Long-term Trend: Bearish (Daily Chart)

Following the recent resurgence in the crypto market, the Pepe market begins its bullish waves to attract more buyers for more gains in its long-term perspective. The prices are close to the resistance levels, confirming its bearishness.

The bears’ pressure on the coin at the $0.00000765 support level in the past trading session has dropped the coin price below the resistance trend line in its recent high. Meanwhile, crypto is about to rise as it begins its bullish waves.

At the time of writing, the bulls caused a rise to a $0.00000795 high level below the EMA-50, as the daily chart opens today, suggesting the returns of the bulls to stage a play.

If the bullish waves persist, the price of PEPEUSD may surge high to break 0.0000172 previous swing high, resulting in an intraday gain and a buy-trade setup signal for the coin holders.

Similarly, the momentum indicator pointing up on the daily signal means that the Pepe price may likely continue its bullish waves; as a result, the ongoing correction may hit a $0.0000180 high mark soon in its long-term perspective.

PEPE (USD) Medium-term Trend: Bearish (4H Chart)

PEPEUSD is on its way to the resistance as it begins its bullish waves on the medium-term outlook. The coin price is below the supply level, indicating a bearish trend.

The high order flow from the bears to the $0.00000765 support value during yesterday’s session also added to its bearishness.

Today, the bulls made an upward move to the $0.00000788 high value below the EMA-50, as the 4-hourly chart resumes, to begin its bullish waves.

However, the Pepe market could grow further if the buy traders increase their buying motives and break up the $0.0000131 previous high level, maintaining a further growth potential for the buy traders.

Additionally, the daily stochastic remains in an upward direction, suggesting that the Pepe price may continue its bullish waves to reach a high at $0.0000180 upper resistance level, as it begins its bullish waves in its medium-term outlook.

Buy Pepe on Longhornfx