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Pepe (PEPEUSD) Price Will Rise from Support Level

Johnathon Fox
04/22/2024 | UPDATED ON: 04/22/2024

Pepe (PEPEUSD) Price Forecast: April 22
PEPEUSD will rise from the support level soon to maintain stable upside moves. If the bulls could push higher and the coin price turned up further and jumped above the $0.0000108 supply mark, the bearish thesis would get invalidated, and the next price target might be the $0.0000160 upper resistance level.

Key Levels:
Resistance Levels: $0.00000400 $0.00000500, $0.00000600
Support Levels: $0.00000200, $0.00000100, $0.00000099

PEPE (USD) Long-term Trend: Bearish (Daily Chart)
The market value of PEPEUSD will rise from the support level as can be seen from the chart below. The coin has just started its rising pattern but has not yet reached its goal.
Pepe (PEPEUSD) Price Will Rise from Support Level
The sustained pressure from the bears at the $0.00000486 support level in the past few days has contributed to its bearishness in its recent price level.

The coin price rises from the support level and increases to the $0.00000626 high mark as the daily chart resumes today. Meanwhile, the pair could grow further if the buy traders can speed up their buying swagger and break up the $0.0000108 previous high level, maintaining a further growth potential for the buy traders.

Further, Pepe is likely going to rise from the support level and continue in an uptrend move as the market is now trading and pointing upward around the level 50% range of the daily stochastic; it means that the selling pressure is exhausted. This may drive the coin price to hit the $0.0000160 supply level soon in its higher time frame.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
Pepe’s price will also rise from the support level soon as we can see the bulls dominating the market at the moment in the medium term. The coin price is above the moving averages; this means that the coin is in a bullish market zone.
Pepe (PEPEUSD) Price Will Rise from Support Level
Buyers’ increased momentum pushed the price up from the support level to a $0.00000597 high level during yesterday’s session which made it easier for the cryptocurrency to maintain stable upside moves lately.

The price drop to a $0.00000595 support level above the moving average line does not affect the coin as it remains in an uptrend.

Hence, the coin price will rise from the support level and turn upside if the bulls can regroup and add exchange hands with the bears at the mentioned support level. Meanwhile, staying above the trend will give the PEPEUSD price the tendency to rise further.

Meanwhile, Pepe’s price might rise from the support level and start reversing as the market remains in an uptrend. If the long-term investors achieve this, the recovery rally may reach the $0.0000160 upper high value in the coming days in its medium-term perspective.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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