Pepe Coin Surges Amidst Market Uncertainty

Pepe Coin 在市場不確定性中飆升

The cryptocurrency market has been experiencing sideways action for the past two weeks, reflecting investor uncertainty surrounding the upcoming Bitcoin Halving. However, the frog-themed memecoin Pepe has defied this sentiment, exhibiting a notable upswing in its daily chart.

過去兩週，加密貨幣市場一直在橫盤整理，反映出投資人對即將到來的比特幣減半的不確定性。然而，以青蛙為主題的 memecoin Pepe 違背了這種情緒，在日線圖上表現出顯著的上漲。

Since its swing low of $0.0000046, PEPE coin has rebounded by 65%, currently trading at $0.0000076. During this rally, the coin broke decisively out of a channel pattern, signaling potential for further growth.

自 0.0000046 美元的波動低點以來，PEPE 代幣已反彈 65%，目前交易價格為 0.0000076 美元。在這次反彈中，代幣果斷突破了通道模式，預示著進一步成長的潛力。

Breakout Leads to Potential 45% Surge

突破導致潛在 45% 的飆升

PEPE coin price | Tradingview

PEPE 幣價格 |交易視圖

On April 23rd, the Pepe coin price broke out of a channel pattern on the daily chart. This breakout typically indicates the end of a downtrend and renewed bullish sentiment among traders.

4 月 23 日，佩佩幣價格突破日線圖上的頻道模式。這一突破通常表明下跌趨勢的結束以及交易者重新看漲情緒。

While the breakout rally has stalled above the broken trendline due to a lack of bullish momentum and trading volume, an intraday gain of 3.75% has formed a bullish engulfing candle, potentially shifting the dynamics in favor of the bulls.

雖然由於缺乏看漲動力和交易量，突破反彈已停滯在突破趨勢線上方，但 3.75% 的盤中漲幅已形成看漲吞沒蠟燭，可能使動態向有利於多頭的方向轉變。

If the overnight recovery forms a morning star pattern, a post-retest rally could aim to surpass the $0.0000092 peak. Additionally, a range breakout in a shorter time frame could further support the bullish move.

如果隔夜復甦形成晨星模式，則重新測試後的反彈可能旨在超越 0.0000092 美元的峰值。此外，較短時間範圍內的區間突破可能會進一步支撐看漲走勢。

Technical Indicators Support Rally

技術指標支援反彈

• Relative Strength Index: The RSI slope has moved back above the midline of 50%, indicating a return of bullish sentiment.
• EMA Indicator: The coin price has maintained a bullish pivot above the 100D EMA, mitigating any significant bearish impact.

Potential Targets and Risks

相對強弱指數：RSI 斜率已回到 50% 中線上方，顯示看漲情緒回歸。

Given the overall market recovery aligning with the PEPE breakout rally, the meme coin could potentially reach $0.0000108, representing a 45% increase.

鑑於整體市場復甦與 PEPE 突破性反彈一致，meme 代幣可能達到 0.0000108 美元，即上漲 45%。

However, a bearish pivot could push the PEPE price below the $0.00000663 support level. It is worth noting that the broader market has been experiencing overhead supply, which could limit the follow-through and consolidation of the PEPE price over the past six days.

然而，看跌轉向可能會將 PEPE 價格推低至 0.00000663 美元的支撐位。值得注意的是，大盤一直在經歷供應過剩，這可能會限制過去六天PEPE價格的後續和盤整。