Pepe (PEPEUSD) Price Forecast: September 29
PEPEUSD buyers have made the coin price remain stable above the supply trend levels in recent times due to high buying pressure. The crypto after completing the dip-lows is now set for the next bull cycle and a swift increase is expected to follow soon. Hence, a further increase in the bulls’ action may trigger the coin price up and break out the previous high at the $0.000000906 mark, this may extend the price action to reach the $0.00000100 resistance trend line and beyond.
Key Levels:
Resistance Levels: $0.000000730 $0.000000735, $0.000000740
Support Levels: $0.000000610, $0.000000608, $0.000000606
PEPE (USD) Long-term Trend: Bullish (4H Chart)
PEPEUSD is in a bullish scenario as can be seen on the 4-hour chart below. Sellers are in a panic as the prices remain stable above the moving averages, confirming an uptrend.
The high buying pressure of the long-term investors to a $0.000000737 high level in the previous action has contributed to its bullish momentum in its recent high.
Earlier today, buyers made a smooth ride to the $0.000000740 high mark above the EMAs as the 4-hour chart opens; this signifies that the buy investors still remain dominant in the market and are actually buying the coin.
Thus, should the bulls increase their buying motives, the coin will possibly give a bullish breakout of the current level to retest the $0.000000906 supply level, which would nullify any further bearish thesis.
Similarly, Pepe is showing more upside possibilities on the daily stochastic as we can certainly expect more strength from the coin and this may likely get to a $0.00000100 upper resistance mark in the coming days in its long-term outlook.
PEPE (USD) Short-term Trend: Bullish (1H Chart)
PEPEUSD is in a bullish race in the short-term outlook. The crypto price also remains stable above the EMAs confirming an uptrend.
The buy traders made an upward move to a $0.000000728 resistance level before the end of yesterday’s session. This gave buyers more strength to continue with the trend in its recent high.
The bulls are not relenting, an increase in the price of Pepe to the $0.000000740 supply value above the EMAs as the 1-hour session opens today, shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
Further, if the buy traders should increase their price action, and bullish momentum is sustained, the PEPEUSD price may likely pump up to a significant level at a $0.000000100 value and beyond at the upside before the close of today. This signals a BUY trade again in its lower time frame.
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