Pepe Coin Price Correction Continues

Pepe Coin 價格調整仍在繼續

In the past 24 hours, Pepe coin has experienced a price correction of 3.86%, dropping to $0.00000795. This follows a brief surge a few days ago. Could the price correction continue?

在過去的24小時內，佩佩幣的價格回檔了3.86%，跌至0.00000795美元。這是幾天前短暫飆升之後的結果。價格調整能否持續？

The correction is part of a broader decline in the global cryptocurrency market, with the Crypto Fear and Greed Index falling from 30 to 29 within the same period. Crypto market capitalization has also dropped 3% to $2.07 trillion in a day, according to Coinmarketcap.

這項調整是全球加密貨幣市場更廣泛下跌的一部分，同期加密貨幣恐懼和貪婪指數從 30 跌至 29。根據 Coinmarketcap 的數據，加密貨幣市值一天內也下跌 3% 至 2.07 兆美元。

Technical Analysis: Correction May Continue

技術分析：調整可能繼續

According to Coingape, Pepe coin is in a bearish zone based on its technicals and has formed a symmetrical triangle pattern. This pattern often indicates that downward pressure may continue.

根據 Coingape 的說法，從技術角度來看，佩佩幣處於看跌區域，並形成了對稱的三角形圖案。這種模式通常表示下行壓力可能會持續。

"The PEPE price is in a clear downtrend marked by lower highs and lower lows, forming a symmetrical triangle pattern. The price is currently trading below both the 50-day Exponential Moving Average (EMA) of $0.00000829 and the 200-day EMA of $0.00000961, adding further confirmation to the downtrend. The recent break below the triangle pattern suggests a continuation of the downtrend. Pepe Coin could potentially find support around $0.00000700, with the previous low being $0.00000600," writes Coingape.

「PEPE 價格處於明顯的下降趨勢，其高點和低點較低，形成對稱三角形模式。價格目前交易低於0.00000829 美元的50 日指數移動平均線(EMA) 和0.00000961 美元的200 日指數移動平均線(EMA) ，進一步確認了下跌趨勢。

A symmetrical triangle is a reversal or continuation pattern commonly used in technical analysis. It forms when the price action moves within a narrowing range, with trendlines connecting the descending highs and ascending lows.

對稱三角形是技術分析中常用的反轉或延續形態。當價格走勢在狹窄的範圍內移動時，它就形成了，趨勢線連接著下降的高點和上升的低點。

This pattern indicates consolidation; in PEPE's case, it means price volatility is decreasing, and the market is relatively calm. When the price finally breaks out of one of the trendlines, either upwards or downwards, it can signal the beginning of a new trend. A bullish signal is usually given when the price breaks out upwards, while a bearish signal is given when it breaks out downwards. In this case, the recent breakout below the lower trendline suggests a potential continuation of the downtrend.

此形態顯示盤整；就PEPE而言，這意味著價格波動正在減少，市場相對平靜。當價格最終突破其中一條趨勢線時，無論是向上還是向下，都可能預示著新趨勢的開始。當價格向上突破時，通常會給予看漲訊號，而當價格向下突破時，通常會給予看跌訊號。在這種情況下，近期突破較低趨勢線表示下跌趨勢可能會持續。

This is further supported by the Moving Average Convergence Divergence (MACD) histogram, which shows a bearish signal with increasing downward momentum. When the MACD histogram is below zero and forming increasingly longer negative bars, it indicates growing downward momentum in PEPE's price. This means that selling pressure is dominant, and the price is likely to continue falling with more intensity.

移動平均收斂分歧 (MACD) 直方圖進一步支持了這一點，該圖顯示出看跌訊號，且下行勢頭不斷增強。當 MACD 柱狀圖低於零並形成越來越長的負柱時，表示 PEPE 價格的下行勢頭正在增強。這意味著拋售壓力占主導地位，價格可能會繼續以更大強度下跌。

Whale Activity

鯨魚活動

However, other data suggests a different trend. On-chain data, which tracks transactions on the blockchain, reveals an increase in whale activity for PEPE in the past 48 hours.

然而，其他數據顯示了不同的趨勢。追蹤區塊鏈交易的鏈上數據顯示，過去 48 小時內 PEPE 的鯨魚活動增加。

Data from IntoTheBlock indicates a 192% surge in large-holder (whale) inflows between August 13th and 14th, 2024, signaling bullish sentiment towards the asset amid the PEPE price correction.

IntoTheBlock 的數據顯示，2024 年 8 月 13 日至 14 日期間，大戶（鯨魚）資金流入激增 192%，顯示在 PEPE 價格調整期間對該資產的看漲情緒。

Additionally, PEPE's netflow data shows a negative reading on August 14th, according to Coinglass. The previous day, around $5.95 million worth of PEPE entered exchanges, a rise from the positive netflow of $1.27 million the day before.

此外，根據 Coinglass 的數據，8 月 14 日 PEPE 的淨流量數據顯示為負值。前一天，價值約 595 萬美元的 PEPE 進入交易所，較前一天 127 萬美元的正淨流量增加。

This, coupled with the increase in whale holdings, suggests that large investors may be accumulating Pepe Coin at lower prices during the correction, anticipating a potential bullish trend reversal.

再加上鯨魚持有量的增加，顯示大型投資者可能在調整期間以較低的價格累積 Pepe Coin，預計潛在的看漲趨勢會逆轉。

Analysis of PEPE's Large Order Book data shows whale buy orders worth $2.6 million at prices around $0.00000579 and $0.00000670. These orders have been waiting for 9 days, indicating that whales are positioned to buy more PEPE tokens at lower levels. This could potentially drive the price of Pepe Coin higher, given the demand from large investors willing to buy at discounted prices.

PEPE 的大型訂單數據分析顯示，鯨魚購買訂單價值 260 萬美元，價格約為 0.00000579 美元和 0.00000670 美元。這些訂單已經等待了 9 天，表明鯨魚準備在較低水平購買更多 PEPE 代幣。鑑於願意以折扣價購買的大型投資者的需求，這可能會推高 Pepe Coin 的價格。