Pepe (PEPEUSD) Price Forecast: July 19
Pepe (PEPEUSD) price will break out from the support level. The coin has been in a downtrend for a while and is on the verge of reversal at the moment. An increase in the bulls’ pressure may break up the previous supply at $0.00000200 and this may swing up the crypto price to $0.00000220 and $0.00000230 supply levels and beyond.
Key Levels:
Resistance Levels: $0.00000180 $0.00000190, $0.00000200
Support Levels: $0.00000120, $0.00000110, $0.00000100
PEPE (USD) Long-term Trend: Bearish (4H Chart)
The market value of PEPEUSD can be seen in a bearish scenario in its long-term outlook. This is due to the interference of sell traders.
The sustained pressure from the bears at the $0.00000152 support level in the past few days has contributed to its bearishness in its recent low.
Today, the bulls are trying hard to remain above the supply levels, so there is a possibility for the coin price to pull back at the current support of $0.00000151 to invalidate the bearish theory.
Thus, the price of Pepe is set to advance further if the bulls can redouble their efforts and exchange hands with the bears at the mentioned support.
With the overall market trend still bearish, the PEPESD price is likely to plunge higher and retest the high accumulation zone of $0.00000200 value and obtain a higher footing to rise higher.
Adding to that, there is a possibility of a price retracement at the $0.00000151 support level as the market price of PEPEUSD has reached the oversold region of the daily stochastic. This implies that the selling pressure will end soon.
The bulls can now aim at the psychological level of $0.00000230 supply value in the days to come in the higher time frame.
PEPE (USD) Medium-term Trend: Bearish (1H Chart)
From the chart below we can see the Pepe price below the moving averages; this means that the coin is in a bearish market zone. 
The sustained bearish pressure to the $0.00000153 support level during the last session has made the coin price remain in a downtrend in the recent low.
Earlier today the coin buyers responded to the market after a series of low-dips in the previous action and break out from the support trend line to a high at the $0.00000151 supply value below the two EMAs; This is an indication that the bulls are returning gradually for an increase in the coin price and to command the PEPEUSD’s price actions.
A potential breakout from this trend line could intensify the bullish momentum and may surge the coin price to the previous high of $0.00000190 value.
Hence, the current correction phase may likely continue as the momentum indicator now trades in the oversold region, we can now expect the price of Pepe to reach a significant level of $0.000000230 supply trend line as the bulls continue with their bullish correction and remain dominant as the bulls decide to breakout from the support level soon in its medium-term perspective.
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