Pepe Coin Price Analysis

佩佩幣價格分析

On Wednesday during Asian trading hours, the crypto market experienced increased selling pressure, causing Bitcoin's price to drop nearly 4%. This decline extended to major altcoins, including PEPE.

週三亞洲交易時段，加密貨幣市場拋售壓力加大，導致比特幣價格下跌近 4%。這種下降趨勢延伸到了主要的山寨幣，包括 PEPE。

PEPE Price Correction

PEPE 價格修正

The frog-themed memecoin, PEPE, has fallen 8% today, continuing its downward trend following the break of a channel setup. As of the time of writing, the coin was trading at $0.00001048.

以青蛙為主題的 memecoin PEPE 今天下跌了 8%，在通道設定被打破後繼續其下跌趨勢。截至撰寫本文時，該代幣的交易價格為 0.00001048 美元。

Bull Flag Pattern Formation

牛旗形態形成

Despite the correction, the daily chart for PEPE indicates the formation of a bull flag pattern. This pattern typically signals a temporary uptrend for buyers to regain momentum.

儘管出現修正，PEPE 的日線圖顯示牛旗形態正在形成。這種模式通常標誌著買家重新獲得動力的暫時上升趨勢。

Long-Term Trend Remains Bullish

長期趨勢仍看漲

Although PEPE is experiencing a downward trend, the coin remains above the 50% Fibonacci retracement level. This suggests that the long-term trend is still bullish, with buyers maintaining dominance.

儘管 PEPE 正在經歷下跌趨勢，但代幣仍高於 50% 斐波那契回檔位。這表明長期趨勢仍然看漲，買家保持主導地位。

Whale Activity

鯨魚活動

A recent sell-off by a major whale, dimethyltryptamine.eth, has raised concerns about a potential breakdown below $0.00001. The whale sold 10 billion PEPE tokens, valued at $112,000, after a 10-month hiatus from trading the coin.

最近，大型鯨魚二甲基色胺.eth 的拋售引發了人們對價格可能跌破 0.00001 美元的擔憂。在停止交易 10 個月後，鯨魚出售了 100 億個 PEPE 代幣，價值 112,000 美元。

Conclusion

結論

The current correction in PEPE's price presents an opportunity for buyers to accumulate at a lower price point. However, investors should proceed with caution, as whale activity and the break of the channel setup indicate potential further downside.

目前 PEPE 價格的調整為買家提供了在較低價位累積的機會。然而，投資者應謹慎行事，因為鯨魚活動和通道設置的突破表明潛在的進一步下跌。