Pepe Price Rise: Recovery Stalls Amidst Liquidations

佩佩價格上漲：清算中復甦停滯

The cryptocurrency market, especially the meme coin sector, is renowned for its volatility. After hitting a peak in May 2023, Pepe's value underwent a correction, reflecting the broader market trend. However, recent weeks have witnessed a resurgence in Pepe's worth. As of July 8th, 2024, the coin has shown a 9.41% increase in the last 24 hours, fueling optimism among investors.

加密貨幣市場，尤其是迷因幣領域，以其波動性而聞名。在2023年5月達到高峰後，佩佩的身價經歷了回調，反映了更廣泛的市場趨勢。然而，最近幾週佩佩的身價有所回升。截至2024年7月8日，該幣在過去24小時內上漲了9.41%，激發了投資者的樂觀情緒。

Pepe's price had been in a recovery phase, but this bullish outlook has unfortunately given way to a bearish reversal. Despite the substantial losses, large investors remain undeterred and continue their buying spree.

佩佩的價格一直處於復甦階段，但不幸的是，這種看漲前景已經讓位給看跌逆轉。儘管損失慘重，大型投資者仍然沒有被嚇倒，繼續瘋狂買進。

The recent 9% surge in Pepe's price over the past 24 hours has surprised the market. Not only did it fail to spark a sustained recovery, but it also triggered significant liquidations of short positions.

最近佩佩的價格在過去24小時飆升了9%，令市場感到驚訝。不僅未能引發持續復甦，也引發大量空頭平倉。

Data from Coinglass reveals that the meme coin experienced a massive $17 million worth of short liquidations in just one day. This marks the largest sell-off in Pepe's history, indicating that pessimists had anticipated a further drop in its price over the weekend.

Coinglass 的數據顯示，Meme 代幣在短短一天內就經歷了價值 1700 萬美元的大規模空頭清算。這標誌著佩佩歷史上最大規模的拋售，表明悲觀主義者預計其價格將在周末進一步下跌。

However, this news has had a positive impact on other investors, especially whales with substantial holdings. These non-exchange addresses hold the highest amount of Pepe compared to other individual addresses.

不過，這項消息對其他投資者，尤其是持有大量股份的鯨魚產生了正面影響。與其他個人地址相比，這些非交易所地址持有的 Pepe 數量最多。

In the past three weeks, these investors have acquired over 1.5 trillion Pepe, worth more than $13 million. It's evident that top holders perceive the recent decline as a buying opportunity rather than a bearish signal. This accumulation could yield lucrative profits if the price recovers.

在過去三週內，這些投資者已收購了超過 1.5 兆枚 Pepe，價值超過 1,300 萬美元。顯然，頂級持有者將近期的下跌視為買進機會，而不是看跌訊號。如果價格回升，這種累積可能會產生豐厚的利潤。

Earlier this week, Pepe's price plunged significantly, breaking an uptrend that had persisted since mid-April. The meme coin consequently fell from $0.00001146 to $0.00000889 at the time of writing. The drop below $0.00001000 was a significant bearish signal, leading many to expect further declines.

本週早些時候，佩佩的價格大幅下跌，打破了自四月中旬以來持續的上漲趨勢。在撰寫本文時，Meme 幣從 0.00001146 美元跌至 0.00000889 美元。跌破 0.00001000 美元是一個重要的看跌信號，導致許多人預計會進一步下跌。

Nevertheless, the green candlestick observed 24 hours ago suggests a potential recovery. Should Pepe manage to establish support above $0.00001000, it could rebound to $0.00001146, potentially erasing recent losses.

然而，24 小時前觀察到的綠色燭台顯示潛在的復甦。如果 Pepe 設法在 0.00001000 美元上方建立支撐，它可能會反彈至 0.00001146 美元，從而有可能消除近期的損失。

If this does not occur, a drop to $0.0000775 is possible, followed by consolidation below $0.00001000. This would weaken the optimistic outlook.

如果這種情況沒有發生，則可能會跌至 0.0000775 美元，然後盤整至 0.00001000 美元以下。這將削弱樂觀前景。

Pepe Price Rise: Summary

佩佩價格上漲：摘要

In summary, Pepe's price rise reflects a volatile market sentiment with mixed signals of optimism and caution. After initial signs of recovery, the coin faced challenges, including substantial short liquidations of $17 million, marking a significant setback.

總而言之，佩佩的價格上漲反映了市場情緒的波動，夾雜著樂觀和謹慎的訊號。在初步復甦跡象後，該代幣面臨挑戰，包括 1700 萬美元的大量空頭清算，標誌著重大挫折。

This event, the largest sell-off in Pepe's history, highlighted concerns among pessimistic traders anticipating further price declines. Conversely, large investors, particularly non-exchange whales, have used lower prices to accumulate significant holdings, suggesting potential future gains if market conditions improve.

這次事件是佩佩史上最大規模的拋售事件，凸顯了悲觀交易者對價格進一步下跌的擔憂。相反，大型投資者，尤其是非交易所鯨魚，利用較低的價格積累了大量持倉，這表明如果市場狀況改善，未來可能會上漲。

With Pepe's price currently below critical support levels, specifically $0.00001000, its future trajectory remains uncertain. Possible scenarios include a bullish trend if support holds or further downside risks towards $0.00000775. The upcoming period will determine whether Pepe can regain momentum or face extended consolidation.

由於 Pepe 的價格目前低於關鍵支撐位，特別是 0.00001000 美元，其未來趨勢仍不確定。可能的情況包括如果支撐位守住則看漲趨勢或進一步下跌至 0.00000775 美元的風險。未來一段時間將決定佩佩能否重拾動力，還是面臨長期盤整。

It's crucial to note that Pepe's future, like most cryptocurrencies, remains uncertain. The recent price rise may be a genuine resurgence or a temporary fluctuation in a volatile market. Investors should always exercise caution and conduct thorough research before investing in cryptocurrencies, including meme coins like Pepe.

值得注意的是，像大多數加密貨幣一樣，佩佩的未來仍然不確定。最近的價格上漲可能是真正的復甦，也可能是波動市場中的暫時波動。投資者在投資加密貨幣（包括 Pepe 等模因幣）之前應始終保持謹慎並進行徹底的研究。