Pepe (PEPEUSD) Price Forecast: March 16
The price of PEPEUSD is currently negotiating the upper resistance level as the coin continues to rise and hold steady above the supply levels. If the bulls can increase their purchasing pressure and the price closes above the $0.0000108 current supply level, the cryptocurrency may continue in that direction and might reach the $0.0000120 upper resistance level and beyond.
Key Levels:
Resistance Levels: $0.00000750 $0.00000800, $0.00000850
Support Levels: $0.00000550, $0.00000500, $0.00000450
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
The PEPEUSD price at the moment is negotiating the upper resistance level in the long-term perspective. The price currently trades above the EMA-50 and moving toward the upper resistance area.
This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.
The sustained bullish pressure pushed the currency pair up to the $0.00000936 supply level during yesterday’s session and sustained it. This has made it possible for the coin to remain firm in an uptrend while negotiating the upper high level in its recent high.
The Pepe price is negotiating the upper resistance level at the $0.0000108 high value above the EMA-50 as the daily chart opens today which indicates an intraday growth and more gains for buyers.
Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels to the upper resistance zone.
Notably, the PEPEUSD pair suggests an uptrend continuation on the daily stochastic. It is expected of buyers to push the crypto price further up to a significant level and in this case, the target might be the$0.0000120 upper resistance soon in its higher time frame.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
PEPEUSD is showing a more bullish impact in its medium-term outlook. The coin price is negotiating the upper resistance level which indicates a strong bullish trend. 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 maintain an uptrend in its recent price level.
The bulls made an aggressive move up to the $0.0000108 resistance level above the EMA shortly after the 4-hourly chart opened today. This however makes it possible for the Pepe market to rise further and also negotiate the upper high level.
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 while the coin is negotiating the upper high level in its medium-term time frame.
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