Pepe (PEPEUSD) Price Forecast: August 16
The Pepe market is on the positive side today and also shows a bullish signal while approaching the upper resistance area. If the coin price could sustain above the pattern supply trend line at the $0.000001715 value, the coin price may trigger up to the overhead resistance mark at the $0.000002000 level, thus a clear bullish signal.
Key Levels:
Resistance Levels: $0.000001500 $0.000001600, $0.000001700
Support Levels: $0.00000120, $0.00000110, $0.00000100
PEPE (USD) Long-term Trend: Bullish (4H Chart)
The PEPEUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the moving averages. This is an indication of an uptrend.
The bullish reversal at the $0.000001415 high value in the previous action has sustained the crypto above the trend lines in its recent high.
Today’s 4-hour bullish candle at the $0.000001430 value which further rises to a $0.000001437 supply mark above the moving averages confirms the bulls’ dominance in the market.
However, there are bullish signals above level $0.000001430 which indicates a possible further increase in the market value.
A possible breakout from the patterns resistance trend line at the $0.000001715 previous swing high will provide a long entry opportunity for traders.
Additionally, Pepe price indicates an upward momentum on the daily signal, this indicates that the pair will continue to increase to the upsides and this may get to the $0.000002000 upper resistance trend mark soon which indicates a bullish signal in its long-term outlook.
PEPE (USD) Short-term Trend: Bullish (1H Chart)
PEPEUSD shows a bullish signal and also trades in the bullish trend market in the short-term outlook. The price currently trades above the two EMAs. 
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 capable for the price to remain stronger in an upward trend in its recent high.
The bullish move to a $0.000001435 high level above the two moving averages as the hourly session opens today enables the price of Pepe to remain on the upside and also creates a strong area of interest for buyers.
With sustained buying, the price might further increase to revisit the previous high of $0.000001444 value and set the potential for further growth.
Notably, the price of PEPEUSD shows a bullish signal by pointing up the daily signal. In light of the crypto might continue the bullish waves and this may hit the $0.000002000 upper resistance value soon in its short–term outlook.
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