Pepe (PEPEUSDT) Resumes Upside Correction

Pepe (PEPEUSDT) Price Forecast: January 5

The PEPEUSDT market resumes upside correction and remains positive again. Over the past 24 hours, crypto prices have experienced a notable surge, leading to a broader market rally. The coin buyers are stronger as the market is gradually flipping upwards. However, the coin may likely increase if the bulls add more strength to their potential buying and the market price sustains above the previous high of $0.0000117. The bullish momentum could surge to hit the upper resistance level of $0.0000126 and beyond, resulting in an investment opportunity for coin buyers.

Key Levels:
Resistance Levels: $0.0000105 $0.0000106, $0.0000107
Support Levels:    $0.0000040, $0.0000039, $0.0000038

PEPE (USDT) Long-term Trend: Bullish (Daily Chart)

Pepe buyers remain dominant as the coin market resumes upside correction and soars to the upper range in the higher time frame.

The coin price is rising above the moving average, confirming its bullishness.

The sustained bullish pressure pushed the coin price to $0.0000063 during yesterday’s session and has encouraged crypto buyers to resume the upside correction again above the supply levels in its recent high.

An increase to $0.0000071 above the EMA-50, approaching the overhead resistance as the daily chart opens today, indicates that traders are actively buying at this level.

Based on the outlook, if the bulls increase their buying pressure and close above the previous barrier of $0.0000117, the ongoing recovery could lead the market price of PEPEUSDT to remain stable at the upside and stop any further bearish moves.

Hence, there is a tendency for the coin price to continue its rising pattern if the support level remains stable.

This will enable buyers to continue gaining strength and take the price up to an upper resistance of $0.0000126 as it resumes upside correction in its long-term perspective.

PEPE (USD) Medium-term Trend: Bullish (4H Chart)

The Pepe market price is pumping up and remains in a strong bullish trend in its medium-term outlook. The bulls are trying on the coin to increase more and not to fall this time around.
Further, prices are traded very close to the upper high channel above the EMA-50, confirming a bullish trend.

The sustained pressure at the $0.0000061 high value during yesterday session has enabled the crypto above the supply trend lines in its recent high.

Pepe’s current price at $0.0000070 resistance level above the EMA-50 indicates that long traders are having a significant purchasing influence on the crypto.

Therefore, a potential breakout from the aforementioned supply will quicken the buying momentum and drive PEPEUSDT prices higher to reach a significant level at the overhead region, supporting buyers for a long-term rise.

Furthermore, the price’s upward trend on the daily stochastic indicates that more upside is inevitable.

Therefore, it is anticipated that purchase investors would raise the price of Pepe, which could soon hit the upper resistance level of $0.0000126 if the cryptocurrency continues to rise in the medium term.

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