Pepe Coin Gains Momentum with Price Surge

Pepe Coin 價格飆升，勢頭強勁

This week has been remarkable for the popular memecoin Pepe (PEPE), which has witnessed a stunning 65% price increase. This surge underscores the growing momentum and heightened buying pressure surrounding the token. Concurrently, as Bitcoin (BTC) inches closer to the $69,000 mark and spot Ethereum ETFs receive approval, the broader cryptocurrency market is on an upward trajectory, fostering hopes for a potential bull run in memecoins. Speculation is rife on whether tokens like PEPE will see a dramatic boost this year, with projections suggesting PEPE might multiply 10 to 15 times in value in 2024 or even hit $1 by 2030.

本週對於流行的 memecoin Pepe (PEPE) 來說是引人注目的一周，其價格上漲了驚人的 65%。這種飆升凸顯了圍繞代幣的成長動能和購買壓力的加大。與此同時，隨著比特幣 (BTC) 逼近 69,000 美元大關，且現貨以太坊 ETF 獲得批准，更廣泛的加密貨幣市場正處於上升軌道，激發了人們對 memecoin 潛在牛市的希望。人們普遍猜測 PEPE 等代幣今年是否會大幅上漲，預測顯示 PEPE 的價值可能在 2024 年增加 10 到 15 倍，甚至到 2030 年達到 1 美元。

PEPE's Impressive Price Performance

PEPE 令人印象深刻的性價比

PEPE recently crossed the significant $0.00001 threshold on the daily chart, triggering a rolling bottom formation breakout. This breakout has extended the bullish trend, pushing the token's value up by 65% this week and raising its market value by a staggering 178% over the past five weeks.

PEPE 最近突破了日線圖上 0.00001 美元的重要門檻，引發了滾動底部形成突破。這項突破延續了看漲趨勢，推動該代幣的價值本週上漲了 65%，並在過去五週內使其市值上漲了 178%。

Over a more extended period, PEPE has surged nearly 1,300% in the past 14 weeks, reflecting a substantial increase in market demand. This week's 65% rise resulted in a bullish engulfing candle on the weekly chart, indicating robust buying interest.

從更長時間來看，PEPE在過去14週內飆升了近1,300%，反映出市場需求的大幅成長。本週 65% 的上漲導致週線圖上形成看漲吞沒蠟燭，顯示強勁的買盤興趣。

Currently, PEPE is trading at $0.00001510, experiencing a 6.82% intraday growth after a 5.26% drop the previous night. Technical indicators suggest a positive outlook for continued growth. The Relative Strength Index (RSI) remains in the overbought zone, signaling heightened demand. Moreover, the Historical Volatility (HV) index rose from 101 to 191 within a week, supporting the ongoing bullish trend.

目前，PEPE 的交易價格為 0.00001510 美元，繼前一晚下跌 5.26% 後，盤中上漲 6.82%。技術指標顯示持續成長的正面前景。相對強弱指數（RSI）仍處於超買區域，顯示需求增加。此外，歷史波動率（HV）指數在一周內從101升至191，支撐了持續的看漲趨勢。

What Drives the Rally Potential?

是什麼推動了反彈的潛能？

On the daily chart, the bullish momentum persists above the $0.000015 level, aligning with the 100% trend-based Fibonacci level. The rolling bottom breakout and the trend of rising dips suggest that PEPE could surpass the $0.00002 level. Beyond this, the memecoin targets $0.0000277, corresponding to the 2.618 trend-based Fibonacci level.

日線圖上，看漲勢頭持續高於 0.000015 美元水平，與 100% 基於趨勢的斐波那契水平一致。滾動底部突破和下跌趨勢表明 PEPE 可能會突破 0.00002 美元的水平。除此之外，memecoin 的目標價為 0.0000277 美元，對應於基於趨勢的斐波那契水準 2.618。

Key Insights for Investors

投資者的重要見解

• PEPE's price performance has demonstrated significant short-term and long-term growth potential.
• The RSI and HV indicators suggest sustained buying interest and increased market volatility.
• Future bullish catalysts like the Uptober rally, altcoin season, and potential interest rate cuts could further enhance PEPE's growth prospects.

Conclusion

PEPE 的價格表現顯示出顯著的短期和長期成長潛力。增強PEPE 的表現成長前景。

Looking forward, bullish catalysts such as the Uptober rally and altcoin season, coupled with potential interest rate cuts, could further propel PEPE. These factors contribute to the possibility of a 10 to 15 times rally in PEPE's price being a viable target for 2024, as buying pressure continues to mount.

展望未來，Uptober 反彈和山寨幣季節等看漲催化劑，加上潛在的降息，可能會進一步推動 PEPE 的發展。隨著購買壓力持續增加，這些因素導致 PEPE 價格上漲 10 至 15 倍的可能性成為 2024 年的可行目標。

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