The Surge of PEPE: What's Driving the Price Uptrend?

PEPE 的激增：是什麼推動了價格上漲趨勢？

The cryptocurrency market is witnessing a surge in activity, with prices soaring and investor enthusiasm reaching new heights. Among the top performers in this bullish trend is PEPE, which has experienced a remarkable price increase. This raises the question: what factors are propelling PEPE's price upward, and can it sustain this momentum?

加密貨幣市場活動激增，價格飆升，投資者熱情達到新高度。在這一看漲趨勢中表現最好的是 PEPE，其價格大幅上漲。這就提出了一個問題：哪些因素推動PEPE的價格上漲，並且能否維持這種動能？

Recent Price Movement of PEPE Coin

PEPE幣近期價格走勢

Currently, PEPE Coin trades at $0.00001422, with a 24-hour trading volume of $2.38B. Its market capitalization stands at $5.98B, while it maintains a market dominance of 0.24%. Over the last 24 hours, the PEPE price has increased by 3.76%.

目前，PEPE Coin 交易價格為 $0.00001422，24 小時交易量為 $2.38B。其市值為$5.98B，同時維持0.24%的市場主導地位。過去 24 小時內，PEPE 價格上漲了 3.76%。

The all-time high for Pepe Coin was recorded on May 23, 2024, reaching $0.00001569. Conversely, its lowest price occurred on April 14, 2023, plunging to $0.0000101057. Post-all-time high, the lowest price has been $0.00001347 (cycle low), while the highest price post-cycle low has reached $0.00001448 (cycle high). The current sentiment around Pepe Coin's price prediction is bullish, with the Fear & Greed Index indicating 74 (Greed).

Pepe Coin 的歷史最高記錄於 2024 年 5 月 23 日達到 0.00001569 美元。相反，其最低價格出現在 2023 年 4 月 14 日，暴跌至 0.0000101057 美元。歷史最高價已達到 0.00001347 美元（週期低點），而周期後最低價已達到 0.00001448 美元（週期高點）。目前圍繞 Pepe Coin 價格預測的情緒是看漲的，恐懼與貪婪指數為 74（貪婪）。

Pepe Coin has a circulating supply of 420.69T PEPE out of its maximum supply of 420.69T PEPE.

Pepe Coin 的最大供應量為 420.69T PEPE，其循環供應量為 420.69T PEPE。

Reasons Behind PEPE's Price Increase

PEPE漲價原因

PEPE's price underwent consolidation from May 13th to May 21st before experiencing an explosive breakout. This surge was primarily driven by the approval of the spot Ethereum ETF, a significant catalyst given Pepe's status as an ERC20 token.

PEPE的價格從5月13日到5月21日經歷了盤整，然後經歷了爆炸性突破。這一激增主要是由於現貨以太坊 ETF 的批准推動的，考慮到 Pepe 作為 ERC20 代幣的地位，這是一個重要的催化劑。

The current price action for Pepe remains bullish, with buyers defending against attempts by bears to drive prices down. A solid support base has formed around the $0.00001380 mark, having been tested twice already.

佩佩目前的價格走勢仍然看漲，買家抵制空頭壓低價格的企圖。經過兩次測試，0.00001380 美元關卡附近已經形成了堅實的支撐基礎。

Furthermore, Pepe's price action demonstrates a pattern of forming higher lows and higher highs, indicating an upward trend. Additionally, Pepe's price sits comfortably above both the 50-day and 200-day simple moving averages (SMA), signaling further bullish sentiment.

此外，佩佩的價格走勢顯示出形成更高低點和更高高點的模式，表明上漲趨勢。此外，Pepe 的價格輕鬆位於 50 日和 200 日簡單移動平均線 (SMA) 上方，顯示進一步看漲情緒。

Resistance and Support Levels

阻力位和支撐位

As Pepe continues its ascent, key resistance levels to monitor are at $0.00001439 and $0.00001576. Surpassing these levels would propel Pepe into a price discovery phase.

隨著 Pepe 繼續上漲，需要監控的關鍵阻力位在 0.00001439 美元和 0.00001576 美元。超過這些水平將推動佩佩進入價格發現階段。

Conversely, if bears gain control, crucial support levels lie at $0.00001108 and $0.00000777.

相反，如果空頭獲得控制權，關鍵支撐位位於 0.00001108 美元和 0.00000777 美元。

Can Pepe Coin Hit $1 in June?

Pepe Coin 6 月能突破 1 美元嗎？

Considering PEPE's exceptional performance over the past year, with its price surging by an impressive 891%, it's evident that this cryptocurrency has outperformed a significant portion of the market. In fact, PEPE has surpassed 94% of the top 100 crypto assets, including stalwarts like Bitcoin and Ethereum. This exceptional growth trajectory is further supported by PEPE's current position above the 200-day simple moving average, indicating sustained bullish momentum.

考慮到 PEPE 在過去一年中的出色表現，其價格飆升了 891%，令人印象深刻，很明顯，這種加密貨幣的表現優於市場的很大一部分。事實上，PEPE 已經超過了前 100 名加密資產中的 94%，其中包括比特幣和以太坊等中堅力量。 PEPE 目前位於 200 日簡單移動平均線之上的位置進一步支撐了這一非凡的成長軌跡，表明持續的看漲勢頭。

Moreover, with 17 green days out of the last 30, comprising 57% of the period, PEPE demonstrates consistent upward movement. Trading near its cycle high, PEPE exhibits resilience and potential for further growth. Additionally, its high liquidity, reflected in its substantial market capitalization, provides a solid foundation for continued price appreciation. Based on these factors, it's plausible to anticipate that PEPE could indeed continue its momentum even in June.

此外，在過去 30 個交易日中，有 17 個交易日呈綠色，佔該時期的 57%，PEPE 表現出持續的上升趨勢。 PEPE 交易接近週期高點，表現出彈性和進一步成長的潛力。此外，其龐大的市值反映出其高流動性，為價格持續升值提供了堅實的基礎。基於這些因素，可以預期 PEPE 即使在 6 月也能繼續保持其動能。