Price Action and On-Chain Data Indicate Potential Range Formation

價格走勢和鏈上數據顯示潛在範圍形成

Price action suggests the possibility of a range formation, with $0.000008 serving as a low point. On-chain data and liquidation levels indicate a deeper price drop is likely.

價格走勢表示可能形成區間，以 0.000008 美元為低點。鏈上數據和清算水平表明價格可能會進一步下跌。

Pepe (PEPE) Breaks Support Levels

佩佩（PEPE）突破支撐位

PEPE failed to maintain the fair value gap as a support zone, crashing through it and reaching lows of $0.000008. This level previously provided support during July's losses, offering hope for a similar bounce.

PEPE 未能將公允價值缺口維持為支撐區域，跌破該缺口並觸及 0.000008 美元的低點。該水平此前在 7 月下跌期間提供了支撐，為類似反彈帶來了希望。

Technical Indicators Signal Bearish Bias

技術指標顯示看跌傾向

The MACD fell below zero, while the CMF remained at -0.02. The daily timeframe price chart shows a bearish bias but also suggests a potential range formation between $0.000008 and $0.000013.

MACD 跌破零，而 CMF 維持在-0.02。每日時間框架價格圖表顯示出看跌傾向，但也表明潛在的區間形成於 0.000008 美元至 0.000013 美元之間。

Selling Pressure from Whales

來自鯨魚的拋售壓力

Whales have been distributing their PEPE holdings, as indicated by the 30-day change in balance. Smaller holders up to 10 million PEPE have added to their positions, while others have sold off, including the 10 trillion and above cohort.

正如 30 天餘額變化所示，鯨魚一直在分配其持有的 PEPE。規模不超過 1,000 萬 PEPE 的小型持有者已增持頭寸，而其他持有者則紛紛拋售，其中包括 10 兆及以上的人群。

Liquidation Heatmap Confirms Bearish Expectations

清算熱圖證實了看跌預期

The 3-month liquidation heatmap reveals a liquidity pool at $0.000009-$0.00000945 that is insufficient to reverse the downtrend. The next region of interest is $0.00000677-$0.0000074, which aligns with the Fibonacci level at $0.00000678, reinforcing bearish expectations.

3 個月清算熱圖顯示，流動性池位於 0.000009 美元至 0.00000945 美元之間，不足以扭轉下降趨勢。下一個關注區域是 0.00000677-0.0000074 美元，與 0.00000678 美元的斐波那契水準一致，強化了看跌預期。