Pepe Coin Confirms Bullish Trend, Poised for Price Discovery

Pepe Coin 確認看漲趨勢，準備進行價格發現

Following its recent surge above its previous all-time high, Pepe (PEPE), the frog-themed meme coin, has solidified a new uptrend. This mid-cap token, with a fully diluted valuation of approximately $8.8 billion and daily trading volume of $4.8 billion, has appreciated over 150% in the past two weeks, entering a highly anticipated price discovery phase.

繼近期飆升至歷史新高之後，以青蛙為主題的迷因代幣 Pepe (PEPE) 又鞏固了新的上升趨勢。這種中型代幣的完全稀釋估值約為 88 億美元，每日交易量為 48 億美元，過去兩週已升值超過 150%，進入備受期待的價格發現階段。

After consolidating for over seven months, PEPE is well-positioned for exponential growth in the coming period. The meme coin sector is anticipated to lead the next altcoin season, which is expected to commence with a significant decline in Bitcoin's weekly dominance.

經過七個多月的整合後，PEPE 已準備好在未來一段時間內呈指數級增長。模因幣領域預計將引領下一個山寨幣季節，預計比特幣的每週主導地位將大幅下降。

Factors Driving PEPE's Upward Momentum

推動PEPE上升勢頭的因素

As a highly regarded meme coin on the Ethereum platform, PEPE has attracted substantial investor interest due to its deep liquidity on numerous DeFi protocols. Additionally, the recent breakout of Dogecoin (DOGE), the industry leader, has signaled the start of another meme season.

作為以太坊平台上備受推崇的 meme 幣，PEPE 因其在眾多 DeFi 協議上的深厚流動性而吸引了大量投資者的興趣。此外，行業領導者狗狗幣（DOGE）最近的突破也標誌著另一個迷因季節的開始。

Last week, the Pepe community received significant support through its listing on major cryptocurrency exchanges, including Coinbase and Robinhood.

上週，Pepe 社群透過在 Coinbase 和 Robinhood 等主要加密貨幣交易所上市而獲得了大力支持。

Short-Term Target and Technical Analysis

短期目標和技術分析

With Pepe shorts converting to longs, amplifying the macro short squeeze, the Ether-based meme coin is poised to continue its ascent. From a technical perspective, PEPE is potentially following a bullish breakout similar to the one observed in February 2024.

隨著 Pepe 空頭轉為多頭，放大了宏觀空頭擠壓，基於以太坊的 meme 代幣有望繼續上漲。從技術角度來看，PEPE 可能會出現類似 2024 年 2 月觀察到的看漲突破。

If this scenario unfolds, PEPE could potentially see a 10x increase from its recent breakout to $0.0009. However, traders should exercise caution due to the possibility of a fakeout before a definitive bullish breakout.

如果這種情況發生，PEPE 可能會從最近的突破上漲 10 倍至 0.0009 美元。然而，交易者應謹慎行事，因為在明確的看漲突破之前可能會出現假突破。