Pepe (PEPEUSD) Price Forecast: March 5
The Pepe market is pumping up again today and indeed a good time to buy for the coin traders. The coin is in a strong bullish trend zone and the price is likely to increase more an opportunity to go long for the interested traders. The crypto might continue its upside move if the current support at $0.00000263 value holds, and the long-term chart closes above the $0.00000578 current resistance level, then there is a high probability of the price going up to the $0.00000600 upper resistance trend line. Thus, a buying time for the coin traders.
Key Levels:
Resistance Levels: $0.00000500 $0.00000600, $0.00000700
Support Levels: $0.00000250, $0.00000200, $0.00000150
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe market price is pumping up and remains in a strong bullish trend in its long-term outlook. The Bulls are trying on the coin to increase more and not to fall this time around. Further, the coin prices are traded very close to the upper high channel above the EMA-50, this confirms a strong bullish trend.
The sustained bullish pressure at the $0.00000497 high value during yesterday’s session has sustained the crypto above the supply trend lines in its recent high.
An increase to the $0.00000578 high level above the supply trend levels approaching the overhead resistance as the daily chart opens today indicates that the traders are actively buying at this level.
Under the influence of a rising channel pattern, the PEPEUSD price has showcased a steady increase over the past two weeks. This however creates a strong area of interest for buyers.
Hence, with the market pointing up on the daily stochastic; this means that the price of Pepe will continue pumping up to the upside and this might hit the $0.00000600 supply trend mark, thus registering a buy crypto signal for the coin traders as the market remain pumping up and strongly bullish in its higher time frame.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
PEPEUSD is at the moment pumping up again and trading in the bullish trend market in the medium-term outlook.
The price currently trades at the overhead resistance zone above the EMA line. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.
Crypto has been having a series of higher highs and higher lows which has made it possible for the price to remain stronger in an upward trend in its recent high.
The current price of Pepe at the $0.00000578 resistance level above the EMA-50 suggests the high buying impact of the long traders. The market participants are responding to this pattern, and its breakout should offer a good buy entry opportunity.
Adding to this, the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price of PEPEUSD up and this may reach the $0.00000600 upper resistance level soon as the crypto keeps pumping up in its medium-term time frame.
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