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Wall Street Pepe Price Prediction for Today, October 17: WEPEUSDT Preparing for the Next Bull Cycle

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Wall Street Pepe Price Prediction for Today, October 17: WEPEUSDT Preparing for the Next Bull Cycle

Wall Street Pepe Forecast: WEPEUSDT Preparing for the Next Bull Cycle (October 17)

After updating the lows, the Wall Street Pepe market is now prepared for the next bull cycle as usual. The coin experienced a minor correction today, reaching a new resistance level, and may break through the $0.0000536 resistance level if all support levels remain intact. Therefore, if the coin price can sustain itself above the mentioned supply, the price may rise up to the overhead resistance mark at the $0.0000550 level, signaling an uptick in investors’ interest.

Key Levels:
Resistance levels: $0.0000490, $0.0000491, $0.0000492
Support levels:     $0.0000313, $0.0000312, $0.0000311

WEPE (USDT) Long-term Trend: Bearish (4H)

The Wall Street Pepe market on the longer time frame is bearish. Due to the large order flow of sell traders, the price bar is shown in green beneath the moving averages.
Wall Street Pepe Price Prediction for Today, October 17: WEPEUSDT Preparing for the Next Bull Cycle
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $0.0000313 in the last session.

The current price of WEPEUSDT pair at $0.0000322 high level below the EMAs as the 4-hourly session opens today indicates the investors’ optimism to increase the potential, and this may break the crucial resistance level.

Thus, if the buying pressure rises beyond the prior high level of $0.0000522, any additional negative thesis will be refuted.

Notably, the daily stochastic also indicates an upward trend, suggesting a bullish continuation, which will enable the buyers to sustain the present rally and might soon lead to the long-term forecast of the $0.0000550 resistance trend line or higher.

WEPE (USDT) Medium-term Trend: Bearish (1H)

The Wall Street Pepe’s long-term forecast is pessimistic. The price is trading below the moving averages as a result of the market structure change.
Wall Street Pepe Price Prediction for Today, October 17: WEPEUSDT Preparing for the Next Bull Cycle
The coin price has been below the supply trend levels since its most recent low due to the ongoing bearish pressure over the past few days. This will soon be disproved, though, as the trend has just started to rise again without yet reaching its objective.

The WEPEUSDT price surge to a $0.0000322 high level below the moving average shortly after the 1-hourly chart opened today, indicates that positive sentiment is returning to the market.

Thus, buyers will have a solid basis to push the crypto price higher with a 1-hour candle closing and an upward breakout above the $0.0000399 barrier, offering coin buyers a great opportunity to enter the market.

Furthermore, the daily stochastic indicates a noteworthy upward trend. As a result, the Wall Street Pepe market value is expected to keep increasing.

Given this, it is expected that bulls will push the price of the coin higher and, in the medium term, it may reach the $0.0000530 supply value in the next days.

Degens and frogs

The moment is drawing near.
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