Pepe (PEPEUSD) Price Forecast: May 16
PEPEUSD‘s price remains bullish, as it continues to face the upper resistance and shows a sign of stabilization. The crypto is currently showing positive signs above the $0.00000990 supply value. If the coin holders could prove stronger and remain stable above the $0.0000114 current high value, its upside moves could extend further to hit the $0.0000120 high level and beyond, resulting in a potential buy signal.
Key Levels:
Resistance Levels: $0.00000900 $0.00001000, $0.00001100
Support Levels: $0.000000400, $0.00000300, $0.00000200
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe market remains bullish and indicates the accumulation of buyers on the crypto in the long-term outlook. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present. The persistent bullish pressure on the crypto in the past few days has enabled the PEPEUSD price to remain bullish at its recent high.
The long-term market value of Pepe remains bullish. The pair is now strongly trading above the EMA-50 at the $0.0000114 high level approaching the overhead resistance with huge volumes from the bulls. This shows the high impact of the buy investors on the Pepe market; likewise, the downside risk remained uncertain.
In addition, new entries by the long-term investors toward the higher side are likely as indicated by the daily signal pointing in an upward direction; the bulls could therefore aim at the psychological level of $0.0000120 upper resistance value in the days ahead as the crypto remains bullish in its long-term perspective.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
On the 4-hour chart, the PEPEUSD price remains bullish despite the interference by the bears. The coin price is seen above the moving averages and has confirmed a bullish momentum. 
The sustained bullish pressure to a $0.00000742 high level in the previous action has led to the coin’s price trading in an uptrend in its recent high.
After touching the $0.0000108 resistance value, the interaction from the sell investors dropped the Pepe price down to a low of $0.0000104 mark above the supply levels shortly after the 4-hourly chart commences today.
This is an indication that the coin price remains bullish. Hence, should buyers add extra strength to their buying stuff; the price may turn positive to retest its previous high of $0.0000111 level, taking the potential recovery to its highest point.
Notably, the crypto price now approaches the oversold region. This means that the selling pressure will soon end. If this is achieved, the PEPEUSD price may break above the $0.0000111 previous supply trend line and lead to the $0.0000120 upper high level in the days ahead in its medium-term outlook.
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