Pepe (PEPEUSD) Price Still Trades in an Uptrend

Pepe (PEPEUSD) Price Forecast: May 1
PEPEUSD price still trades in an uptrend despite the recent lingering bearish sentiment in the crypto market. The crypto is currently trading above the supply level. Thus, if the coin closes above a $0.0000108 high mark, the accelerated buying pressure may increase the coin price to reach the $0.0000150 upper resistance level, and a potential buy signal.

Key Levels:
Resistance Levels: $0.00000600 $0.00000800, $0.00000900
Support Levels: $0.000000700, $0.000000600, $0.000000500

PEPE (USD) Long-term Trend: Bullish (Daily Chart)
Pepe market still trades in an uptrend in the long-term outlook despite the bearish moves. The bullish reversal at the $0.00000774 high value during yesterday’s session has enabled the coin price to still trade in an uptrend in its recent high.

At the time of writing, the Pepe sellers made a drop to the $0.00000679 support value above the EMA-50 as the daily chart resumes today. This does not affect the crypto price much as it still trades in an uptrend.

Trading in an uptrend will make it easier for the bulls to influence the price tendency. Hence, a strong push above the $0.0000108 supply level will offer strong resistance to the crypto price.

Additionally, under the influence of this market level, the PEPEUSD price could rise steadily and break up the previous high at $0.0000108 level to reach the $0.0000150 upper resistance level soon as the coin market still trades in an uptrend in the long-term perspective.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)
On the 4-hour chart, the PEPEUSD price still trades in an uptrend. The price bar can be seen above the moving averages and has confirmed a bullish momentum breaking the previous high. The PEPEUSD pair is in a smooth uptrend as can be seen from the chart below.

The sustained bullish pressure to a $0.00000742 high level in the previous action has led to the coin’s price trading in an uptrend in its recent high.

The current price of Pepe at the $0.00000715 high level above the EMA-50 indicates the returns of the market’s buying traders. The market is reacting to this pattern, and its breakout should provide a good buy entry opportunity. Hence, the investors buying at this supply can expect sustained growth above the $0.00000815 price level.

Additionally, the price signal is pointing upwards indicating a bullish move and in this case, the price of Pepe could jump up to hit the $0.0000150 supply mark sooner as the coin price still trades in an uptrend in its medium-term outlook.

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