Pepe (PEPEUSD) Price Forecast: January 2
PEPEUSD price still trades in an uptrend despite the lingering bearish sentiment in the crypto market. The crypto is currently trading above the supply level, suggesting a high bullish impact on the asset. Thus, if the $0.0000190 current support holds, the crypto price may rebound to hit the $0.0000283 previous barrier and extend to reach the $0.0000350 upper resistance level and a potential buy signal.
Key Levels:
Resistance Levels: $0.0000244 $0.0000245, $0.0000246
Support Levels: $0.0000084, $0.0000083, $0.0000082
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe market still trades in an uptrend in the long-term outlook despite the bearish moves. The bullish pressure at the $0.0000217 high value in the last action has enabled the coin price to remain in an uptrend at its recent high.
The PEPEUSD price drop by the short traders to a $0.0000190 support value above the EMA as the daily chart resumes today has no serious effect on the trend as it still trades in an uptrend.
Hence, the bullish momentum might be triggered and the Pepe price may likely reverse and increase to break up the $0.0000283 previous high value soon if the current support at $0.0000190 remains unmoved and the bulls should speed up their activities in the market.
In addition, if the bulls could exchange hands with the sell traders at the $0.0000190 low value, the Pepe price might rebound and surge to reach the $0.0000350 supply value in the days ahead while the token price still trades in an uptrend in its long-term outlook.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
On the 4-hour chart, the PEPEUSD price still trades in an uptrend. The price bar can be seen above the moving averages and has confirmed a bullish momentum breaking the previous high. The PEPEUSD pair is in a smooth uptrend as can be seen from the chart below.
The sustained bullish pressure to a $0.0000186 high level in the previous action has led to the coin’s price trading in an uptrend in its recent high. The current price of Pepe at the $0.0000194 high level above the EMA-50 indicates the returns of the market’s buying traders.
The market is reacting to this pattern, and its breakout should provide a good buy entry opportunity. Hence, the investors buying at this supply can expect sustained growth above the $0.0000271 price level, as it remains and trades in an uptrend.
Additionally, the price signal is pointing upwards, indicating a bullish move, and in this case, the price of Pepe could jump up to hit the $0.0000271 supply mark sooner as the coin price still trades in an uptrend in its medium-term outlook.
Buy Pepe on eightcap.com
Leave a Reply