Pepe (PEPEUSD) Price Forecast: August 12
The Pepe (PEPEUSD) reaches its buying time as the crypto is currently running a bullish race facing high pressure from the bulls. The coin may likely grow more and be an opportunity for the long investors. Having finished the downward correction, if the coin prices sustain above level $0.000001952 the bullish trend would continue upward and the correction rally could rise to a potential target of $0.000002000 upper high level, resulting in a buying opportunity for the coin investors.
Key Levels:
Resistance Levels: $0.000001500 $0.000001600, $0.000001700
Support Levels: $0.000001200, $0.000001100, $0.000001000
PEPE (USD) Long-term Trend: Bullish (4H Chart)
The PEPEUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart above. The price is currently recovering and trades above the moving averages approaching the overhead resistance. This is an indication of an uptrend.
The bullish reversal at the $0.000001241 high value in the previous action has sustained the crypto above the trend line in recent times.
Today’s 4-hourly candle at $0.000001270 supply value above the two EMAs confirms the bulls’ dominance in the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.
A breakout above the overhead trend line at $0.000001952 could signal a change in the price trend and invalidate any further downward threats.
Notably, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of Pepe further up to a significant level and in this case, the target might be a $0.000002000 high level soon as the crypto reaches its buying time in the higher time frame.
PEPE (USD) Short-term Trend: Bullish (1H Chart)
On the 1-hourly chart, prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
The increase in momentum by the long traders at a $0.000001232 high value during the past action has enabled the PEPEUSD price to stay strong above the resistance lines in its recent high.
Pepe is losing bearish momentum as it rises to a $0.000001260 high level above the moving averages as the 1-hourly chart begins today. This is due to a high bullish impact on the market price.
Similarly, the coin price shows more upside possibility as shown by the momentum indicator pointing up; we can certainly expect more gains and strength from the coin. The pair may likely reach the $0.000001070 resistance level in the days ahead as the crypto reaches its buying time in its medium-term time frame.
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