Pepe (PEPEUSD) Price Forecast: September 22
The PEPEUSD has been on a downtrend for a while and is ready to go higher from the support at the moment. The coin price is currently making a correction at the support level offering an entry opportunity for interested traders. If the crypto’s price sustains above the $0.000000961 supply level, the potential rally could surge above $0.000001125 higher to hit a $0.000001200 high level.
Key Levels:
Resistance Levels: $0.00000180 $0.00000190, $0.00000200
Support Levels: $0.00000100, $0.00000111, $0.00000112
PEPE (USD) Long-term Trend: Bearish (4H Chart)
Pepe is showing a bearish sentiment in its long-term view. The coin is now retracing, trying to go higher from the support zone, this sends a clear buy signal in the next move.
Sustained pressure from the short traders to a $0.000000628 low mark in the previous action has led the PEPEUSD price below the supply levels in recent times.
The crypto gave a bullish breakout from the range of support at the $0.000000628 level to the $0.000000633 supply level, suggesting buyers are making a recovery attempt as the 4-hourly chart opens today. Thus, we can grow in confidence that a potential buy is coming near.
In addition, the PEPEUSD market is indicating an uptrend in the oversold region of the daily stochastic, this implies that the selling pressure is over and the next bullish ride may likely hit the $0.0000001200 resistance level soon as the bulls look for more gains in its long-term perspective.
PEPE (USD) Medium-term Trend: Bearish (1H Chart)
On the lower time frame, the Pepe price can be seen below the EMAs, which means that the price is in a bearish market arena. Thus, the crypto will go higher from support soon as the bulls have just begun their rising pattern.
The bearish pressure in the past few hours has made the coin stay below the supply trend levels in recent times.
Buyers stepped in and triggered the price of PEPEUSD up to a $0.000000627 supply level below the EMAs as the 1-hour chat resumes today. If the bulls should increase their momentum, the price will definitely go higher above the key resistance levels.
Notably, the market selling pressure has ended as indicated by the daily stochastic. We can now expect the price of Pepe to turn upside and the $0.000001200 high level might be reached sooner in its lower time frame.
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