Memecoins Struggle Amid Bearish Market, Dogecoin and PEPE Buck the Trend

Memecoin 在熊市中掙扎，Dogecoin 和 PEPE 逆勢而上

In the past 24 hours, Dogecoin (DOGE) and PepeCash (PEPE) experienced price declines of approximately 2%, while the overall market sentiment remained bearish for both memecoins.

在過去 24 小時內，狗狗幣 (DOGE) 和 PepeCash (PEPE) 的價格下跌了約 2%，而整體市場情緒仍然看跌這兩種 memecoin。

Despite the negative market conditions, DOGE and PEPE outperformed other memecoins, such as Shiba Inu (SHIB) and Dogwifhat (WIF), which saw drops of 6% and 8%, respectively.

儘管市場狀況不佳，DOGE 和 PEPE 的表現仍優於其他 memecoin，例如 Shiba Inu (SHIB) 和 Dogwifhat (WIF)，後者分別下跌了 6% 和 8%。

At the time of writing, PEPE was trading at $0.00001457, while DOGE was valued at $0.1592, according to CoinMarketCap.

根據 CoinMarketCap 的數據，截至撰寫本文時，PEPE 的交易價格為 0.00001457 美元，而 DOGE 的交易價格為 0.1592 美元。

Notably, PEPE recently made headlines with a surge in price that brought it to an all-time high. However, despite DOGE's relatively stable price action, its weighted sentiment dropped, indicating a dominant bearish sentiment in the market.

值得注意的是，PEPE 最近因價格飆升而登上頭條新聞，創下歷史新高。然而，儘管 DOGE 的價格走勢相對穩定，但其加權情緒卻下降，顯示市場上看跌情緒占主導地位。

Lookonchain's analysis suggests that PEPE's stability may be attributed to large purchases by two whales, who bought over 500 billion PEPE worth approximately $7.5 million during the recent price decline.

Lookonchain 的分析表明，PEPE 的穩定性可能歸因於兩隻鯨魚的大量購買，它們在最近的價格下跌期間購買了超過 5000 億個 PEPE，價值約 750 萬美元。

Technical Analysis

技術分析

A technical analysis of PEPE's daily chart shows that its price is hovering just above its 20-day Simple Moving Average (SMA). This indicates that a continuation of the bearish trend could push the price below the 20-day SMA. However, its Chaikin Money Flow (CMF) is uptrending, suggesting potential bullish momentum.

PEPE 日線圖的技術分析顯示，其價格徘徊在 20 日簡單移動平均線 (SMA) 上方。這表明看跌趨勢的持續可能會將價格推低至 20 日移動平均線下方。然而，其柴金資金流量（CMF）呈上升趨勢，顯示潛在的看漲勢頭。

For Dogecoin, the outlook appears less favorable. Its MACD indicator suggests a bearish crossover on May 31st, while the Relative Strength Index (RSI) has declined, reaching the neutral zone. These indicators hint at a potential price drop for DOGE.

對於狗狗幣來說，前景似乎不太樂觀。其 MACD 指標顯示 5 月 31 日出現看跌交叉，而相對強弱指數 (RSI) 已下降，達到中性區域。這些指標暗示 DOGE 的價格可能會下跌。

Nevertheless, DOGE's Chaikin Money Flow remains bullish, indicating that significant buying pressure persists. If the downturn continues, DOGE may fall to its support level at $0.148, potentially leading to a further decline to $0.129.

儘管如此，DOGE 的柴金資金流仍然看漲，顯示巨大的購買壓力仍然存在。如果經濟持續低迷，DOGE 可能會跌至 0.148 美元的支撐位，從而可能進一步跌至 0.129 美元。