Pepe (PEPEUSD) Price Forecast: May 28
Today again, the PEPEUSD price indicates a fundamental increase. In the past few days, the bulls have been in control, driving the price upwards to the upper resistance levels. With strong buying pressure and positive market sentiment, crypto has the potential to continue its upbeat trend and attract more investors. Therefore, if the coin price could sustain above the current supply trend line at the $0.0000163 and hold, the coin price may trigger up to the overhead resistance mark at the $0.0000170 level, thus a clear buy signal.
Key Levels:
Resistance Levels: $0.0000160 $0.0000161, $0.0000162
Support Levels: $0.0000090, $0.0000089, $0.0000088
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
On the daily chart, the PEPEUSD price indicates a fundamental increase above the moving average line following the recent market surge. This is due to the significant impact of buy investors on the crypto.
The bulls’ sustained rally at the $0.0000149 high level during yesterday’s session has made it possible for the coin price to indicate a fundamental increase above the supply levels in recent times.
The bulls’ control over the market is affirmed by today’s daily bullish candle at the $0.0000163 barrier level above the moving averages. This breakdown can increase the positive momentum and take the current correction to new heights.
Additionally, the Pepe price may continue to show a fundamental increase and attract more investors as indicated by the daily stochastic which is pointing in an upward direction. Thus, the bulls could therefore aim at the psychological level of $0.0000170 resistance value as soon as the price shows a fundamental increase and remains firm above the supply levels in its long-term perspective.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The PEPEUSD price also shows a fundamental increase above the supply trend levels facing the overhead resistance in its medium-term outlook.
The successful breakout by the bulls to the $0.0000152 supply value during yesterday’s session has made it possible for the PEPEUSD market to show a fundamental increase above the resistance level in recent times.
Today, as the 4-hourly chart starts, the bulls show a fundamental increase in price and move higher, reaching the high value of $0.0000159 above the moving average lines. Given that bulls are still in control of the market at the moment, the Pepe price appears to be on the rise.
Thus, a potential breakout from the immediate resistance of $0.0000163 will give additional confirmation for a bullish recovery, if the bulls can increase their efforts in the market.
Meanwhile, buyers may likely continue to show a fundamental increase as indicated by the momentum indicator pointing upwards, this means that buyers will still be in control of the PEPEUSD market and this might hit the $0.0000170 resistance level soon in its medium-term view.
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