Pepe (PEPEUSD) Price Forecast: May 22
The Pepe market price indicates fundamental growth and remains strong above the supply trend levels. If the bullish momentum persists, the coin price may trigger up to the overhead resistance mark at the $0.0000120 level, thus a clear buy signal
Key Levels:
Resistance Levels: $0.00000700 $0.00000800, $0.00000900
Support Levels: $0.00000400, $0.00000300, $0.00000200
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Based on the chart below, the PEPEUSD price indicates a fundamental growth with a bullish sentiment. This is evident from the price level above the moving average line.
The sustained bullish pressure at the $0.0000114 resistance level during yesterday’s session has made it possible for the coin to indicate fundamental growth and remain strong above the supply levels in its recent high.
The price drop to the $0.0000108 low value above the EMA-50 as the daily chart opens today, has no serious effect on the coin as the price remains in an uptrend. This indicates a fundamental growth above the supply level; hence staying above the supply levels will give the Pepe price the tendency to rise further.
Therefore, if the buying pressure continues and the bulls close the daily chart above the previous high point of $0.0000114, the market price of PEPEUSD may remain stable at this level and any further bearish movements would be halted.
Meanwhile, a further rise in the market price of the crypto is possible, if the buy traders can trigger their buying pressure, the price might turn positive to reach a $0.0000120 supply level soon in its medium-term time frame.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The Pepe market also indicates fundamental growth in the medium-term outlook. The prices are above the supply levels indicating a bullish market zone. This is due to the high inflows from the buy traders.
The bullish impact on the crypto to the $0.0000104 supply level during the previous action has sustained its fundamental growth above the supply levels in recent times.
Today, the bulls made an upward move to the $0.0000111 high value above the moving average lines as the 4-hourly chart opens. PEPEUSD price looks promising as the bulls remain dominant in the market at the moment.
If the bulls should increase their price action, and bullish momentum is sustained far above the $0.0000114 resistance trend lines, further bearish sentiment will be hibernated, indicating fundamental growth.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $0.0000114 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.0000120 high mark in the days ahead in its medium-term perspective.
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