Pepe (PEPEUSD) Price Forecast: August 18
The market price of PEPEUSD may experience a possible reversal at the $0.000001237 support level to resume its upside moves soon. Should the bulls push higher and close above the $0.000001616 resistance value, a bullish breakout confirmation will reflect the improved market sentiment. Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $0.000002000 upper resistance trend level.
Key Levels:
Resistance Levels: $0.000001300 $0.000001400, $0.000001500
Support Levels: $0.000001100, $0.000001000, $0.000000900
PEPE (USD) Long-term Trend: Bearish (4H Chart)
PEPEUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the selling pressure seems to be exhausted.
The sustained bearish pressure at the $0.000001275 support value has made the crypto price drop below the supply levels in recent times.
The price of Pepe is at the $0.000001237 high mark below the two EMAs as the 4-hourly chart opens today as a pullback returns the buying crews to stage a play.
Further, if the Pepe buyers could hold and close the 4- hourly chart above the $0.000001616 high mark, a potential BUY signal will be attained.
Notably, the possible reversal at the $0.000001237 high mark could surge higher as indicated by the daily signal pointing up in the oversold region.
Hence, the upcoming bullish rally might hit the $0.0000020000 supply value in the coming days in the long-term outlook.
PEPE (USD) Short-term Trend: Bearish (1H Chart)
The currency pair is trading in a bearish market in its short-term outlook. This is due to the high influence of the sell traders. 
The bearish pressure in the past few hours has made the coin stay below the supply trend levels in recent times.
Pressure from the sell traders further dumped the price of Pepe to a $0.000001237 low value below the two EMAs as a result of low bullish momentum.
However, the market price of PEPEUSD may experience a possible reversal at the $0.000001237 support level to resume its upside moves soon.
Should the bulls push higher and close above the $0.000001447 resistance value, a bullish breakout confirmation will reflect the improved market sentiment. Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $0.000002000 resistance trend level.
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