Pepe Coin Price Faces Challenges as Crucial Support Level Nears

隨著關鍵支撐位接近，佩佩幣價格面臨挑戰

The price of Pepe Coin (PEPE) faces significant headwinds as it approaches a critical support level. A key technical indicator has plunged to its lowest point in a week, sparking concerns about PEPE's ability to maintain its current price levels.

佩佩幣（PEPE）的價格在接近關鍵支撐位時面臨重大阻力。一項關鍵技術指標已跌至一周最低點，引發人們對 PEPE 能否維持當前價格水準的擔憂。

This decline comes amidst a broader market downturn, with Bitcoin recently losing its crucial $60,000 support. PEPE has followed suit, dropping 10.4% in the past 24 hours.

此次下跌是在更廣泛的市場低迷時期發生的，比特幣最近失去了 6 萬美元的關鍵支撐位。 PEPE 也緊隨其後，在過去 24 小時內下跌了 10.4%。

Why is Pepe Coin Price Falling?

為什麼佩佩幣價格下跌？

The price decline mirrors a broader market trend triggered by Bitcoin falling below its $60,000 support level. BTC lost 3.4% between August 26th and 27th, marking a shift in the market's short-term outlook.

價格下跌反映了比特幣跌破 6 萬美元支撐位引發的更廣泛市場趨勢。 8 月 26 日至 27 日期間，BTC 下跌 3.4%，標誌著市場短期前景的轉變。

Despite the downtrend, large investors such as BlackRock continue to show confidence in the market's long-term potential, evidenced by their recent purchase of 3,500 BTC.

儘管呈下降趨勢，貝萊德等大型投資者繼續對市場的長期潛力表現出信心，他們最近購買了 3,500 比特幣就證明了這一點。

On-Chain Metrics Provide Glimmers of Hope

鏈上指標帶來了一線希望

On-chain metrics indicate that PEPE may have room for recovery. The daily profit ratio has declined to 0.34, its lowest since August 23rd, suggesting that most PEPE transactions are resulting in losses.

鏈上指標顯示 PEPE 可能還有恢復的空間。日盈率已降至0.34，為8月23日以來的最低水平，顯示大多數PEPE交易正在虧損。

However, a sharp spike in trading activity on August 28th, following the price decline, suggests that whales and retail traders may have taken advantage of the dip to accumulate tokens.

然而，隨著價格下跌，8 月 28 日交易活動急劇增加，這表明鯨魚和散戶交易者可能利用了下跌的機會累積代幣。

Additionally, the 30-day and 365-day Market Value to Realized Value (MVRV) ratio has fallen into the oversold zone, indicating that PEPE may be undervalued and due for a rebound.

此外，30天和365天市值與已實現價值（MVRV）比率已跌入超賣區域，表明PEPE可能被低估並需要反彈。

Technical Analysis

技術分析

The next major support level for PEPE is around $0.00000700. If it fails to hold above that level, the meme coin could drop lower to $0.00000600.

PEPE 的下一個主要支撐位約為 0.00000700 美元。如果未能保持在該水平之上，meme 幣可能會跌至 0.00000600 美元。

Should PEPE bounce from the $0.00000700 support, it may retest the upper boundary of its current range at $0.00000900. A break above this resistance could lead to a 43% surge in price to $0.00001280.

如果 PEPE 從 0.00000700 美元的支撐位反彈，它可能會重新測試當前區間的上限 0.00000900 美元。突破該阻力位可能導致價格飆升 43% 至 0.00001280 美元。