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Pepe (PEPEUSD) Resumes Upside Correction

Johnathon Fox
06/24/2024 | UPDATED ON: 06/24/2024

Pepe (PEPEUSD) Price Forecast: June 24
The PEPEUSD market resumes upside correction and remains positive today again. The coin buyers are getting stronger as the crypto market is gradually flipping upwards. However, the coin may likely increase if the bulls could add more strength to their potential buying and the market price sustains above the $0.0000172 high mark the potential rally could surge higher to hit the $0.0000180 upper resistance value and beyond, resulting in an investment opportunity for coin buyers.

Key Levels:
Resistance Levels: $0.0000116 $0.0000117, $0.0000118
Support Levels: $0.0000074, $0.0000073, $0.0000072

PEPE (USD) Long-term Trend: Bullish (Daily Chart)
PEPEUSD buyers are getting stronger as the coin market resumes upside correction in the higher time frame. The coin price is rising with bullish sentiment above the moving average, confirming its bullishness.
Pepe (PEPEUSD) Resumes Upside Correction
The sustained bullish pressure pushed the coin price upside to a $0.00000116 high level before the end of yesterday’s session; this has enhanced the crypto buyers to resume the upside correction again above the supply levels in its recent high.

Today, the market price of Pepe at the $0.0000118 high level is above the moving averages as the daily chart opens. This implies that the coin buyers are getting stronger, and from the look of things, it will keep growing.

Based on the outlook, should the bulls go higher and close above the $0.0000172 high mark, the ongoing recovery could lead the market price of PEPEUSD to remain stable at the upside and stop any further bearish moves.

Hence, there is a tendency for the coin price to continue its rising pattern if the support level remains stable. This will enable buyers to continue getting stronger the more, and take the price up to a high of $0.0000180 level soon as it resumes upside correction in its long-term perspective.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
PEPEUSD buyers are also getting stronger as it resumes the upside correction on the medium-term outlook. The bulls have the market at their disposal at the moment as the coin prices are traded above the supply levels; this affirms its bullish trend.
Pepe (PEPEUSD) Resumes Upside Correction
The bulls made it to a $0.0000115 resistance level during yesterday’s session and sustained it. This has made it possible for the coin buyers to continue with the upside correction and remain stronger above the trend levels in its recent high.

Today’s market value of Pepe at a $0.0000117 supply value above the moving averages as the 4-hourly session opens today affirms that the bulls have resumed the upside correction.

In addition to that, with the daily stochastic pointing upwards, we can expect more upside correction, if all the support holds in place. The price of PEPEUSD might jump up to the $0.0000180 upper high level soon as the coin buyers resume upside correction in its medium-term outlook.

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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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