Pepe (PEPEUSD) Price Forecast: October 27
Pepe market is in a positive side today. The coin price at the moment now pumps above the $0.000000929 resistance value resisting sellers. In case the bulls’ pressure breaks up the resistance level of $0.000001770, the coin price may increase further to a $0.000002000 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $0.000001200 $0.000001300, $0.00001400
Support Levels: $0.000000800, $0.000000700, $0.000000600
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe remains in a bullish trend in its long-term outlook. This is clear as we can see the prices now pumps above the resistance level indicating an uptrend.
The bulls were able to push the coin up to the $0.000001040 resistance value in the past few days, which has enhance the price to stay above the supply trend levels in its recent high.
The coin holders made a ride to the $0.000000929 supply mark above the moving averages as the daily session begins today. This however, will trigger a new bull cycle and a potential buy for the interested buyers.
The potential upward rally may breakup the immediate supply of $0.000001040 previous supply which could lead to a higher gain for the coin holders.
Additionally, the daily stochastic indicates an uptrend, hence, there is a tendency for the PEPEUSD price to rise further, if the current support level holds, this will enable buyers to take the price and jump above the resistance line to a high of $0.000002000 level soon in its long-term perspective.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
Despite the interference of short-term traders in the price flow, the medium-term time frame market shows a bullish race.
The price of PEPEUSD now pumps above the resistance levels approaching the overhead resistance. This shows that buyers are currently gaining more strength in the market.
The coin has been having a series of higher highs and higher lows in the past few hours which have sustained the bullish impact on the cryptocurrency.
The impulse move by the buy traders to a $0.000001040 high level as the 4-hour chart opens today indicates more strength in buyers’ commitment.
Trading above the moving averages will enable the market value of Pepe to keep pumping above the resistance level. Therefore, if the bulls should add more aggression to their activities in the market, the $0.000002000 resistance level might be reached soon in its medium-term time frame.
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