PEPE price prediction suggests that the PEPEUSD crypto is presently moving on an uptrend after breaking out of the bear’s stronghold. The price is trading above the critical EMAs on the daily timeframe. The volume is seeing a slight incline which indicates that there is a rise in buying and selling activity.
If the price gains buyers’ support at the present level, it can see a surge within the next few weeks whereas the immediate support level for the PEPE token is around $0.0000007750. The price movements are relevantly more stable for PEPEUSD crypto than other major cryptocurrencies.
The buyers have an adequate probability of attaining the expected target if they are able to sustain the price above the 200 EMA which would put the anticipated outcomes in the bulls’ favor.
The present value of PEPEUSD is $0.0000010274 and it has a market capitalization of around $404.406 Million (press time)
PEPE crypto price has been trading in a bull trend for the past few months. After making a breakout, PEPEUSD crypto price has been finding consistent support from the bulls from the trendline. Observing the historical price action, it can be estimated that the 200-EMA level has been acting as a crucial demand zone.
PEPE Crypto Price Technical Analysis
PEPE (PEPEUSD) has steadily seen its crypto price rise for the past month, gaining 52.69% and 62.17% in the last week. Currently, PEPEUSD crypto is trading at $0.0000010274 and has been trying to hold on to this level after an unexpected surge in price.
If it can keep this level, the PEPE price could continue to go up and reach the first and second targets of $0.00011483 and $0.00012007. However, if the PEPEUSD price cannot maintain this level and falls, then it might hit the closest support levels of $0.0000007754 and $0.0000007289.
Currently, PEPE crypto (PEPEUSD) is trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price momentum.
However, if buying volume adds up, then the price might support bullish momentum by making higher highs and make new highs. Hence, the PEPE price is expected to move upward giving bullish views over the daily time frame chart.
The current value of RSI is 74 points. The 14 SMA is below the median line at 71 points, indicating that the PEPE crypto is bullish.
The MACD line at 0.0000000498 and the signal line at 0.0000000048 are above the zero line. A bullish crossover is observed in the MACD indicator which signals strength in the momentum of the PEPEUSD crypto price.
Summary
PEPE crypto (PEPEUSD) technical oscillators also support the bullish trend. The MACD, RSI, and EMA emphasize positive signs and imply that the uptrend may continue in the PEPEUSD crypto price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, Investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels
Support Levels: $0.0000007754 and $0.0000007289.
Resistance Levels: $0.00011483 and $0.00012007.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/10/25/pepe-crypto-pepe-price-surge-61-71-what-next-in-pepeusd/