Pepe (PEPEUSD) Price Forecast: April 16
Pepe‘s price is approaching the $0.0000108 supply level and has already increased significantly in the previous actions; the bears are losing control. The crypto may likely hit the above-mentioned supply level provided the current support level at $0.00000388 holds. As a result, the coin price may extend to the $0.0000140 upper resistance level and beyond, resulting in a potential recovery for the coin buyers.
Key Levels:
Resistance Levels: $0.00000400 $0.00000450, $0.00000500
Support Levels: $0.00000250, $0.00000200, $0.00000150
PEPE (USD) Long-term Trend: Bearish (Daily Chart)
The PEPEUSD pair is bearish. The price is approaching the supply level in its higher time frame as can be seen from the chart below. The price is currently recovering and trades below the moving averages. This is an indication of a bearish trend market. 
The bearish pressure to a $0.00000388 low value in the past session has dropped the crypto price below the trend lines in its recent high. Meanwhile, the coin price is now approaching the resistance levels as the bulls are making new corrections.
However, the bulls override this and made a corrective move to the $0.00000548 resistance level slightly below the EMA-50 as the daily chart opens today.
Thus, the current price level which is approaching the supply level is a result of high commitment from the bulls.
Should the bulls increase their momentum, the price of Pepe might break out from the current supply to hit the previous high of $0.0000108 high value.
Further, the daily stochastic suggests an uptrend by pointing upward on the daily signal.
Thus, if the buy traders successfully keep the PEPEUSD prices above the $0.00000824 resistance level, a retest of the previous high at the $0.0000108 level is possible which may further extend the coin price to the $0.0000140 upper high level in the coming days as the coin price is approaching the supply level in its higher time frame.
PEPE (USD) Medium-term Trend: Bearish (4H Chart)
PEPEUSD’s price can be seen as approaching the supply level in its medium-term perspective. The price bar can be seen slightly below the EMA-50 which signifies its bearishness.
The bears’ pressure on the crypto in the past few hours has made the coin price approach the supply level at its recent high.
Today, buyers successfully pull back at the $0.0000499 level which further increases to the $0.0000548 supply level below the EMA-50 but approaches the major breakout; this is an indication of the beginning of a new bullish cycle race.
However, there is a possibility of a further increase in the price of Pepe, if the buy traders should increase their price actions and all the current support level holds, a psychological key level of $0.0000108 at the upside might be reached soon as the coin price is approaching the supply level in its medium-term time frame.
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