Pepe (PEPEUSD) Price Forecast: March 12
PEPEUSD‘s price remains in an uptrend and the price will most likely continue its bullish run, the price could still go higher if the price can break up the $0.00000951 supply level. A possible breakout from this resistance will offer a higher footing for prices to bolster further price rally. The price will most likely continue its bullish correction and the price could go higher to retest its previous swing high at the $0.00000951 resistance level, which might further expose the coin price to hit the $0.0000100 upper resistance value. Hence, a big turnaround and a buy signal for the coin investors.
Key Levels:
Resistance Levels: $0.00000928 $0.00000929, $0.00000930
Support Levels: $0.00000200, $0.00000199, $0.00000198
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
PEPEUSD pair’s orientation remains in a bullish market in its long-term outlook. The price bar is seen above the EMA-50 which confirms its bullish growth.
The bulls’ pressure on the currency pair in the past few days has made it possible for the price to remain in an uptrend trend zone in its recent high.
Despite the interactions from the short traders, the bulls caused a rise to a $0.00000930 high level shortly after the commencement of the daily session today. This shows that the bulls are buying at this level.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong breakup above the $0.00000951 resistance point would strengthen the bullish pressure.
However, the price of Pepe may likely remain in an uptrend and rise further if the current support level at $0.00000844 holds. The price action may head to the $0.0000100 supply level and beyond in its long-term perspective.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The coin is also displaying a bullish posture and remains in an uptrend in its medium-term outlook and this might increase further. This is due to the high inflow from the long traders.
The increase in the momentum by the bulls at the $0.00000894 supply value during the previous session has enabled the Pepe price to remain in an uptrend at its recent high.
The market price of PEPEUSD has just broken up the EMA at the $0.00000896 supply level as the 4-hour chart opens today. This will give the crypto a high tendency to increase further.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.00000951 previous high, the resulting rally may surpass the $0.0000100 level sooner as the coin price remains in an uptrend in its medium-term perspective.
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