Bearish Outlook for PEPE Despite Recent Gains

儘管近期有所上漲，但 PEPE 前景仍看跌

Despite a surge in the latter half of July, PEPE has maintained a bearish trend. Traders should be wary of a potential short squeeze in the near future.

儘管7月下半月出現大幅上漲，但PEPE仍維持看跌趨勢。交易者應警惕近期潛在的軋空情況。

After a rejection at the $0.000013 resistance zone, PEPE has been trending downwards. Recent reports indicate the transfer of 400 million PEPE tokens worth $4.22 million to Binance, suggesting a potential sell-off.

在 0.000013 美元阻力區遭到拒絕後，PEPE 一直呈下降趨勢。最近的報告顯示，價值 422 萬美元的 4 億個 PEPE 代幣已轉移到幣安，這表明可能會出現拋售。

The combination of price action and market indicators paint a bearish picture for PEPE. However, bulls may find solace in the fair value gap, which could provide support for trapped buyers.

價格走勢和市場指標相結合，為 PEPE 描繪了一幅看跌的圖景。然而，多頭可能會在公允價值缺口中找到安慰，這可能為受困的買家提供支持。

Mid-Month Price Surge

月中價格飆升

In mid-July, PEPE experienced a rapid 52% price gain over five days. This surge created a significant support zone, highlighted in white on the daily chart. At present, PEPE is trading within this support zone.

7 月中旬，PEPE 價格在五天內快速上漲 52%。這次飆升創造了一個重要的支撐區域，在日線圖上以白色突出顯示。目前，PEPE 正在該支撐區域內交易。

Bearish Market Structure

看跌的市場結構

The bearish market structure became evident in the first week of July. PEPE bulls have failed to breach the recent lower high on June 26th. The daily RSI has dipped below neutral, indicating strong bearish momentum.

7 月第一周，看跌的市場結構變得明顯。 PEPE 多頭未能突破 6 月 26 日的近期較低高點。日線 RSI 已跌破中性，顯示看跌勢頭強勁。

Potential for Short Squeeze

擠空的可能性

Despite the bearish indicators, the CMF remains above +0.05, suggesting significant buying pressure. This could potentially trigger a price reversal from the $0.000009-$0.00001 zone.

儘管指標看跌，CMF 仍高於 +0.05，顯示買盤壓力巨大。這可能會引發 0.000009 美元至 0.00001 美元區域的價格反轉。

The high number of short positions relative to long positions increases the likelihood of a short squeeze. Liquidation levels at $0.000011 and $0.0000115 present potential targets for PEPE's upward movement. Swing traders may also consider using these levels as selling opportunities within the overall bearish structure.

空頭部位相對於多頭部位的數量較多，增加了軋空的可能性。 0.000011 美元和 0.0000115 美元的清算水準是 PEPE 上漲的潛在目標。波段交易者也可以考慮利用這些水準作為整體看跌結構中的賣出機會。