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Pepe (PEPEUSD) Still a Good Buy Signal at $0.0000138 Price Level

Johnathon Fox
06/14/2024 | UPDATED ON: 06/14/2024

Pepe (PEPEUSD) Price Forecast: June 14
Pepe is on the positive side today. The coin is still a good buy at the $0.0000138 price level. This chart setup is considered a bullish continuation pattern, implying a positive outlook for June. If the bulls can push up and keep the coin price above the pattern supply trend line at the $0.0000172 level, the coin price may trigger up to the overhead resistance mark at the $0.0000172 level, indicating a clear buy signal and a fantastic chance for long investors.

Key Levels:
Resistance Levels: $0.0000139 $0.0000140, $0.0000141
Support Levels: $0.0000110, $0.0000109, $0.0000108

PEPE (USD) Long-term Trend: Bullish (Daily Chart)
On higher time frames, the PEPEUSD price is still a good buy signal as it remains firm above the resistance level, confirming a bullish trend market. This breakout initiates a smooth bull cycle pattern, which should take prices to an overhead trend line.
Pepe (PEPEUSD) Still a Good Buy Signal at $0.0000138 Price Level
During yesterday’s session, the pair hit and held the $0.0000129 resistance level. This allowed the coin to remain a good buy signal in its recent high.

Today’s daily bullish candle at $0.0000127, which climbs to the $0.0000138 high level above the EMA-50, suggests a good buy signal and reaffirms the bulls’ dominance in the market.

However, there are bullish signals above the $0.0000129 level, indicating that the market value may rise further. Hence, a strong push above the $0.0000172 previous supply level will offer strong resistance to the crypto price.

Furthermore, the Pepe price suggests a good buy signal as it shows an upward momentum on the daily stochastic, implying that the pair will continue to rise upward and may reach the $0.0000180 upper resistance trend level soon in its long-term view.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
The Pepe market also suggests a good buy signal while displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders.
Pepe (PEPEUSD) Still a Good Buy Signal at $0.0000138 Price Level
The bulls gained impetus above the $0.0000120 supply value during yesterday’s session, allowing the PEPEUSD price to remain strong and still a good buy signal in its recent price level.

As the 4-hourly chart opens today, the market price of Pepe has just broken over the EMA-50 at the $0.0000138 supply level, confirming the presence of more buyers in the market and suggesting a good buy signal giving the cryptocurrency a strong chance of rising further.

Hence, an upside breakout above the $0.0000170 high mark with a 4-hourly candle closing will offer buyers a solid foothold to push the coin price higher.

Furthermore, the coin is heading up around the 73% area of the daily stochastic, implying that bulls may continue to dominate the market direction.

In light of this, the next price objective may be the $0.0000180 upper high mark as soon as the coin price suggests and still a good buy signal in its medium-term perspective. As a result, buyers may take a position as desired.

Buy Pepe on Longhornfx

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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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