Pepe Token Price Surges in High-Volume Trading

Pepe 代幣價格在大批量交易中飆升

Pepe (PEPE), the third-largest meme coin by market capitalization, has experienced a significant price increase over the past two days in a high-trading volume environment. As of Wednesday, Pepe was trading at $0.0000081, up by over 38% from its lowest point on Monday.

市值第三大迷因幣佩佩（PEPE）在過去兩天的高交易量環境中價格大幅上漲。截至週三，Pepe 的交易價格為 0.0000081 美元，較週一的最低點上漲了 38% 以上。

Recovery Patterns and Market Sentiment

復甦模式和市場情緒

Pepe's price movement has mirrored that of other tokens such as Stacks (STX), Bonk, and Solana (SOL), which have also formed a "hammer pattern," a bullish reversal signal in technical analysis. Pepe has also recorded the highest trading volume among meme coins, reaching over $1.43 billion, exceeding Dogecoin's (DOGE) $1.03 billion and Shiba Inu's (SHIB) $356 million.

Pepe 的價格走勢反映了 Stacks (STX)、Bonk 和 Solana (SOL) 等其他代幣的價格走勢，這些代幣也形成了“錘子形態”，這是技術分析中的看漲反轉信號。 Pepe 也創下了 Meme 幣中交易量最高的記錄，達到超過 14.3 億美元，超過了狗狗幣 (DOGE) 的 10.3 億美元和柴犬 (SHIB) 的 3.56 億美元。

Potential Risks

潛在風險

Despite Pepe's recovery, several key risks remain:

儘管佩佩已經康復，但幾個關鍵風險仍然存在：

• Low Futures Open Interest: Pepe's futures open interest stands at $71 million, significantly lower than its July peak of over $141 million.
• Bearish Chart Patterns: Pepe has formed bearish chart patterns, including a head and shoulders pattern, which could limit its recovery potential.
• Crossover Pattern: Pepe remains below its 50-day and 100-day Simple Moving Averages, which have formed a bearish crossover pattern.

Elliott Wave Invalidation

期貨未平倉合約低：Pepe 的期貨未平倉合約為7,100 萬美元，明顯低於7 月超過1.41 億美元的峰值。限制其復甦潛力。

Pepe may have invalidated the impulsive Elliott Wave pattern by failing to complete its fifth wave. This could potentially signal a trend reversal.

佩佩可能因未能完成第五浪而使衝動型艾略特波浪模式無效。這可能預示著趨勢逆轉。

Conclusion

結論

Pepe's price recovery faces potential headwinds due to low futures open interest, bearish chart patterns, and its position below key moving averages. A break below $0.0000058 could indicate further downside pressure.

由於期貨持倉量較低、看跌圖表模式及其低於關鍵移動平均線的位置，佩佩的價格復甦面臨潛在的阻力。跌破 0.0000058 美元可能表示進一步的下行壓力。