Pepe (PEPEUSD) Price Forecast: March 11
Pepe is positive again today. The coin price will rise further as the bulls are not relenting on the coin at the moment. The recent market structure points to a rise shortly. The vital resistance for the coin is found near the $0.00000930 supply zone. However, the price can go higher if the current support at $0.00000844 holds and the bulls should put in more aggressive efforts, the price may reach a $0.0000100 high level, registering a high potential buy signal for the coin buyers.
Key Levels:
Resistance Levels: $0.00000928 $0.00000929, $0.00000930
Support Levels: $0.00000260, $0.00000259, $0.00000258
PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe market price indicates that the coin will rise further as it remains in a bullish trend in its long-term outlook. Further, the coin prices are traded above the supply levels approaching the upper resistance zone, this confirms a bullish trend. Crypto has been a high pressure from the bulls in the past few days; this has made the price of Pepe rise further in its recent high.
As an outcome of low bearish momentum, buyers are hindering the market from smashing through the support zones. The coin price at a $0.00000930 high value is undeniably bullish as the daily session opens today.
Thus, buyers must redouble their efforts to enable the PEPEUSD price to rise further and forecast a bullish increase in the market above the $0.00000951 previous high mark.
Further, the Pepe price may likely rise and continue in the same bullish trend as the market is pointing up on the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $0.0000100 supply trend line might be the target soon in its higher time frame.
PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The PEPEUSD pair is positive in its medium-term time frame, trading in a bullish trend. The price will rise further as we can see prices moving towards the upper high level indicating a bullish trend.
The sustained bullish pressure at the $0.00000881 high value in the past few hours has sustained the crypto above the supply trend lines in its recent high.
The coin price finds reliable resistance at around the $0.00000930 supply mark above the EMA-50, resulting in intraday gains as the 4-hour session resumes today.
However, the bullish growth will rise further and face a formidable resistance trend line at the aforementioned mark, which may invalidate the selling pressure.
In addition, the coin price will rise further as indicated by the price signal pointing upward.
This will compel the buy traders to cluster around the market to continue the bullish correction rally fully and this time around the bulls may likely hit the $0.0000100 supply level soon in the medium-term forecast.
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