Pepe (PEPEUSD) Price Continues Its Bullish Race

Pepe (PEPEUSD) Price Forecast: May 17
The PEPEUSD price at the moment is currently recovering and also continues its bullish race, reflecting growing interest among traders. The crypto’s high trading volume by the bulls is showing positive signs above the $0.0000110 supply value. Thus, a sharp breakout and closure above the current correction phase at $0.0000115 high value will invalidate any bearish thesis and the price might hit the high at $0.0000120 upper resistance level, suggesting a high potential volatility in Pepe’s market trajectory.

Key Levels:
Resistance Levels: $0.00000850 $0.00000900, $0.0000100
Support Levels: $0.00000550, $0.00000500, $0.00000450

PEPE (USD) Long-term Trend: Bullish (Daily Chart)
The PEPEUSD price continues its bullish race and remains positive in its higher time frame. Buyers are confident about gaining higher levels and this confirms their high impact in the market at present.

The buy traders made a jump to the $0.0000114 supply value above the EMA-50 during the previous action and sustained it; this enabled the crypto to continue its bullish race and remain strong above the trend line lately.

The momentum continues today as the bulls made an aggressive move to a high at $0.0000115 high mark above the EMA-50 as the daily chart opens today. This shows the high impact of the buy investors on the Pepe market; likewise, the downside risk remained uncertain.

Notably, the PEPEUSD price is likely to continue its bullish race towards the upper higher side as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the psychological level of $0.0000120 upper resistance value as soon as the crypto continues its bullish race in its long-term perspective.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
In the medium-term frame, the Pepe market continues its bullish race and exhibits a positive trend despite the short-term traders’ meddling in the price flow. The bulls are having the market at their disposal at the moment.

The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to continue its bullish race and maintain an uptrend in its recent price level.

As the 4-hourly chart opens today, the PEPEUSD pair continues its bullish race and moves higher, reaching the high value of $0.0000112, which is above the EMA-50. Given that bulls are still in control of the market at the moment, the PEPEUSD price appears positive. If the bulls should increase their price action, and bullish momentum is sustained far above the current resistance trend lines, further bearish sentiment will be hibernated.

Hence, the daily signal indicates an uptrend, thus trading above the moving average levels will also enable the market value of Pepe to keep pushing up.

Therefore, if the bulls should add more aggression to their activities in the market; the $0.0000120 upper resistance level might be reached soon as the coin price continues its bullish race in its medium-term time frame.

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