Pepe Price Analysis: Market Correction Amidst Bullish Hints

佩佩價格分析：看漲暗示中的市場調整

Pepe's price experienced a 10.4% decline over the past 24 hours, trading at $0.000008358 during European business hours on Monday. This follows Bitcoin's price downturn, which led to a 4.7% decrease in the overall crypto market capitalization at press time.

Pepe 的價格在過去 24 小時內下跌了 10.4%，週一歐洲營業時間交易價格為 0.000008358 美元。在此之前，比特幣價格下跌，導致截至發稿時加密貨幣總市值下降 4.7%。

Technical Analysis

技術分析

Despite the market correction, Pepe's price chart indicates potential bullish momentum. After breaking below a critical support level, Bitcoin's price induced a brief upward movement in Pepe's price. The meme coin emerged as one of the top performers on the Ethereum blockchain.

儘管市場出現調整，佩佩的價格圖表顯示出潛在的看漲動能。在跌破關鍵支撐位後，比特幣的價格引發了 Pepe 價格的短暫上漲。模因硬幣成為以太坊區塊鏈上表現最好的硬幣之一。

Pepe's price broke out of a falling wedge pattern and retested its upper trendline, targeting $0.00001720, its previous all-time high. Since July 1, 2024, Pepe has retreated by 30%, but it remains above its 200-day simple moving average (SMA), providing support for its value.

Pepe 的價格突破下降楔形形態，重新測試其上方趨勢線，目標為 0.00001720 美元，這是先前的歷史高點。自2024年7月1日以來，佩佩已回落30%，但仍位於200日簡單移動平均線（SMA）上方，為其價值提供支撐。

Currently, Pepe's price has found support around $0.00000773. A bullish trend could lead to a 26% gain, propelling the price to $0.0001108, which coincides with the 50-day SMA. Conversely, a bearish sentiment may cause a 20% drop, seeking support at $0.00000650.

目前，Pepe 的價格在 0.00000773 美元附近找到支撐。看漲趨勢可能會導致 26% 的漲幅，將價格推至 0.0001108 美元，與 50 日移動平均線一致。相反，看跌情緒可能會導致 20% 的下跌，尋求 0.00000650 美元的支撐。

The 14-day relative strength index (RSI) for Pepe stands at 34, just above the oversold (OS) zone. If it enters this territory, increased selling pressure could drive the price down to the $0.00000650 support level. Alternatively, the current RSI indicates significant upside potential if market conditions improve.

Pepe 的 14 天相對強弱指數 (RSI) 為 34，略高於超賣 (OS) 區域。如果進入該區域，拋售壓力的增加可能會將價格推低至 0.00000650 美元的支撐位。或者，如果市場狀況改善，當前的 RSI 表明存在巨大的上漲潛力。

Fundamental Indicators

基本面指標

Data from Santiment and Etherscan reveals that Pepe's holder count has increased by 5.76% in the last month and 0.01% in the last 24 hours. This suggests that investors continue to accumulate Pepe despite the price decline.

Santiment 和 Etherscan 的數據顯示，Pepe 的持有者數量在過去一個月增加了 5.76%，在過去 24 小時內增加了 0.01%。這表明，儘管佩佩價格下跌，投資者仍繼續買入佩佩。

Crypto traders on social media remain optimistic about Pepe, citing the growth in its holder base as a positive sign for the crypto asset.

社群媒體上的加密貨幣交易者仍然對佩佩持樂觀態度，稱其持有者基礎的成長是加密資產的正面訊號。

Conclusion

結論

Pepe's price analysis presents a mix of bearish and bullish indicators. The market correction has impacted its value, but technical and fundamental factors point towards potential upward momentum. The price remains above a critical support level, and increased investor accumulation suggests a bullish sentiment. If the overall market conditions improve, Pepe's price could experience a significant rally.

佩佩的價格分析呈現了看跌和看漲指標的組合。市場調整影響了其價值，但技術和基本面因素顯示存在潛在的上漲動力。價格仍高於關鍵支撐位，投資者增持的增加顯示看漲情緒。如果整體市場狀況改善，佩佩的價格可能會大幅上漲。