Pepe (PEPEUSD) Price Forecast: November 3
The Pepe market is on the positive side today and the price is likely to increase more an opportunity to go long for the interested traders. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $0.000001085 value holds, and the long-term chart closes above the $0.000001764 resistance level, then there is a high probability of the price going up to the $0.000002000 upper resistance trend line.
Key Levels:
Resistance Levels: $0.000001500 $0.000001600, $0.000001700
Support Levels: $0.000001000, $0.000000090, $0.000000800
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe market price remains in a bullish trend in its long-term outlook. The Bulls are really trying on the coin to increase more and not to fall this time around. Further, the coin prices are traded above the EMA-50, this confirms a bullish trend.
The sustained bullish pressure at the $0.000001223 high value in the past few days has sustained the crypto above the supply trend lines in its recent high.
Actions from buyers have also increased the PEPEUSD price further up to the $0.000001179 resistance value above the supply trend line as it journeys up north. More gains are possible if the bulls can put extra effort into the price action.
Additionally, the momentum indicator pointing upwards suggests the continuation and increase in the bullish trend. Thus, the price of Pepe might possibly reach the $0.000002000 supply value soon in its long-term outlook.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The coin is also displaying a bullish posture above the EMA-50 in its medium-term outlook and this might increase. This is due to the high inflow from the long traders.
The increase in the momentum by the bulls at the $0.000001148 supply value during the previous session has enabled the Pepe price to stay strong above the resistance lines in its recent high.
The market price of PEPEUSD has just broken up the EMA at the $0.000001173 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 $0.000001355 previous high, the resulting rally may surpass the $0.000001779 level and increase to the $0.000002000 psychological level at the upside in the days ahead in its medium-term perspective.
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