Pepe (PEPE) Projected to Decline Up to 30%

佩佩 (PEPE) 預計下跌 30%

On August 5, 2024, the cryptocurrency market witnessed a significant downturn, with an overall decline exceeding 18% within 24 hours. Pepe (PEPE), the third-largest meme coin, was heavily impacted, experiencing a substantial price drop of over 27% during the same period.

2024年8月5日，加密貨幣市場出現大幅低迷，24小時內整體跌幅超過18%。第三大 meme 幣 Pepe (PEPE) 受到嚴重影響，同期價格大幅下跌超過 27%。

Trader Liquidations

交易者清算

The steep price decline triggered substantial liquidations among traders and investors, amounting to over $9.4 million. Notably, long positions accounted for $6.03 million of the liquidations, while short positions contributed $3.33 million.

價格急劇下跌引發了交易者和投資者的大量清算，金額超過 940 萬美元。值得注意的是，多頭部位佔清算的 603 萬美元，而空頭部位則佔 333 萬美元。

Technical Analysis

技術分析

At present, PEPE has breached a critical support level of $0.0000061. Technical analysis suggests that the closing price of PEPE's daily candle will be pivotal in determining its future trajectory.

目前，PEPE已突破0.0000061美元的關鍵支撐位。技術分析表明，PEPE 每日蠟燭的收盤價將是決定其未來趨勢的關鍵。

• If PEPE closes below the $0.0000061 support level, it could potentially fall by 30% to its next support level around $0.0000043.
• Conversely, if the daily candle closes above this support level, PEPE may potentially rally by 25% in the upcoming days.

如果 PEPE 收盤低於 0.0000061 美元的支撐位，則可能會下跌 30% 至下一個支撐位 0.0000043 美元左右。

Currently, PEPE exhibits bearish sentiment, trading below the 200 Exponential Moving Average (EMA) on a daily basis. This indicates a bearish trend on the higher time frame. However, the Relative Strength Index (RSI) suggests the possibility of a price reversal, as it is currently in the oversold zone.

目前，PEPE 表現出看跌情緒，每日交易價格低於 200 指數移動平均線 (EMA)。這表示較高時間範圍內的看跌趨勢。然而，相對強弱指數（RSI）表明價格可能逆轉，因為目前處於超賣區域。

Price Analysis

價格分析

PEPE is currently trading near $0.0000063, having experienced a price decline of over 27% within the last 24 hours. Notably, its trading volume has increased significantly by 190%, reflecting higher participation from traders and investors.

PEPE 目前的交易價格接近 0.0000063 美元，過去 24 小時內價格下跌超過 27%。值得注意的是，其交易量大幅增加了190%，反映出交易者和投資者的參與度更高。

Despite the selling pressure, some investors perceive this as a buying opportunity. A recent post on X (formerly Twitter) indicates that a wallet address with the identifier "0xf3ab" has withdrawn a considerable number of PEPE tokens from Binance. This suggests that bullish investors may be capitalizing on the market dip.

儘管面臨拋售壓力，一些投資者仍認為這是一個買入機會。 X（原 Twitter）上最近的一篇貼文表明，標識符為「0xf3ab」的錢包地址已從幣安提取了大量 PEPE 代幣。這表明看漲的投資者可能正在利用市場下跌的機會。