PEPE Experiences Notable Decline After Recent Surge

PEPE 在近期飆升後經歷顯著下跌

The renowned memecoin PEPE has faced a significant drop in the past 24 hours, continuing its previous downward trend. The cryptocurrency has undergone a substantial market correction, falling below critical support levels. At the time of writing, PEPE's price has plummeted by 15.15% to $0.000008054 during European trading hours. CoinMarketCap data reveals a current market capitalization of $3.39 billion, representing a 15.14% decrease.

著名的 memecoin PEPE 在過去 24 小時內面臨大幅下跌，延續了先前的下跌趨勢。該加密貨幣經歷了大幅市場調整，跌破了關鍵支撐位。截至撰寫本文時，PEPE 的價格在歐洲交易時段暴跌 15.15% 至 0.000008054 美元。 CoinMarketCap 數據顯示，目前市值為 33.9 億美元，下降 15.14%。

PEPE's Recent Performance

PEPE近期表現

PEPE witnessed a significant surge recently, reaching an all-time high of $0.00001718 in May. However, its price has since declined by over 53%. Launched in April 2023, the cryptocurrency has entered consolidation phases characterized by sharp increases followed by rapid declines.

PEPE 最近大幅上漲，5 月達到 0.00001718 美元的歷史新高。然而，其價格此後已下跌超過 53%。該加密貨幣於 2023 年 4 月推出，現已進入盤整階段，其特點是先急劇上漲，後來迅速下跌。

Market Conditions

市場狀況

Last week, PEPE breached several key support levels, finding stability at a low of $0.000008. Fluctuations between $0.000008 and $0.000012 indicate ongoing uncertainty amid heightened market volatility. This movement underscores PEPE's unpredictable nature, leading to a 36% pullback and a bearish trend with a 45% decline this month.

上週，PEPE 突破了幾個關鍵支撐位，穩定在 0.000008 美元的低點。 0.000008 美元至 0.000012 美元之間的波動表示市場波動加劇，持續存在不確定性。這一走勢凸顯了 PEPE 的不可預測性，導致本月回檔 36%，並呈現看跌趨勢，下跌 45%。

Today, the cryptocurrency market has experienced significant selling pressure, with major assets such as Bitcoin, Ethereum, and Solana posting notable drops. Similarly, other memecoin projects, including Floki, Dogecoin, and Shiba Inu, have also declined, contributing to the broader market's bearish sentiment.

如今，加密貨幣市場經歷了巨大的拋售壓力，比特幣、以太坊和 Solana 等主要資產都出現顯著下跌。同樣，包括 Floki、Dogecoin 和 Shiba Inu 在內的其他 memecoin 項目也出現下跌，加劇了大盤的看跌情緒。

PEPE Chart Analysis

PEPE圖表分析

If an upward momentum gains traction, PEPE's price may rise to the closest resistance point of $0.000009, signaling market recovery. Establishing stability at this level could propel the currency towards $0.00001 by July's end. Stronger bullish sentiment could push PEPE above the $0.000005 threshold.

如果上漲勢頭增強，PEPE 的價格可能會升至最近的阻力點 0.000009 美元，這標誌著市場復甦。在此水準上建立穩定可能會在 7 月底推動該貨幣升至 0.00001 美元。更強勁的看漲情緒可能會推動 PEPE 突破 0.000005 美元的門檻。

Conversely, persistent negative trends could drive PEPE down to the $0.000008 support level. Further decline to $0.000007 is possible, exacerbating its vulnerable position. Under ongoing market corrections, if bearish pressure intensifies, PEPE's price could reach $0.000005, indicating an oversold market.

相反，持續的負面趨勢可能會推動 PEPE 跌至 0.000008 美元的支撐位。可能會進一步跌至 0.000007 美元，加劇其脆弱地位。在市場持續調整的情況下，如果看跌壓力加劇，PEPE 的價格可能達到 0.000005 美元，表示市場超賣。