Pepe (PEPEUSD) Price Forecast: January 13
PEPEUSD is now facing the positive side and is also set to grow more while making new corrections. The price tested the multiple resistance zones near $0.000001394 and a quick surge is anticipated shortly. If the sell traders ease up on their tension in the market, the coin price may surge towards the $0.000001800 supply level amid renewed buying momentum, thus a clear bullish signal.
Key Levels:
Resistance Levels: $0.000001200 $0.000001300, $0.000001400
Support Levels: $0.000001000, $0.000000900, $0.000000800
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
The momentum on the long-term outlook looks bullish and the price of Pepe is set to grow more as can be seen from the chart below.
The price of PEPEUSD is currently trading at the resistance above the moving averages. So it seems that the bulls are about to take over and grow more.
The sustained and consistent bullish pressure in the past few days has sustained the coin price above the trend line in its recent high.
The bull race caused a rise in the price of Pepe from the $0.000001363 level to a $0.000001394 high value above the moving averages. This will, however, produce a significant area of interest for buyers.
More so, this sharp dive in the crypto’s price accentuates that the excess buying pressure has stabilized, and the price of Pepe could grow again if the market sentiment doesn’t witness any unfavorable situation. With this new phase, the crypto price may likely reach a $0.000001800 high level soon in its higher time frame.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The PEPEUSD price is on an upward move and is also set to grow more in its medium-term time frame. The bulls have the market price at their disposal at present as the price bars are seen above the moving averages.
The order flow by the long-term traders at the $0.000001364 high value during yesterday’s session has made the coin price increase a bit in price in its recent high.
The market price of PEPEUSD which increases to a $0.000001394 high level suggests an improved bullish market sentiment. Thus, closing the 4-hour session above the $0.000001584 high level will enable the crypto to grow more and put the trade more on the buy side.
Notably, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $0.000001800 resistance soon in its medium-term time frame.
Buy Pepe on Longhorn
Leave a Reply