Bitcoin's Drop Impacts PEPE Coin's Performance

比特币下跌影响 PEPE 币的表现

After Bitcoin (BTC) dipped to $48,800 on August 5th, Pepe (PEPE) experienced a sharp decline, reaching the 78.6% Fibonacci retracement level of $0.0000068.

比特币（BTC）于 8 月 5 日跌至 48,800 美元后，佩佩（PEPE）经历了大幅下跌，触及 78.6% 斐波那契回撤位 0.0000068 美元。

PEPE Coin Sentiment

PEPE 代币情绪

Despite the decline, PEPE's 3-day weighted sentiment indicator has been shifting positive, suggesting growing optimism on social media. Additionally, inactive circulation remained steady, while the average cryptocurrency age increased, indicating accumulation activity.

尽管有所下降，但 PEPE 的 3 天加权情绪指标一直转为正值，表明社交媒体上的乐观情绪日益增长。此外，不活跃流通量保持稳定，而平均加密货币年龄增加，表明积累活动。

Potential Recovery

潜在的恢复

The stable inactive circulation and rising average cryptocurrency age could contribute to PEPE's recovery. However, the coin previously encountered resistance at $0.000013 in July and has yet to overcome it.

稳定的不活跃流通和不断上升的平均加密货币年龄可能有助于 PEPE 的复苏。然而，该代币此前曾在 7 月份遇到 0.000013 美元的阻力，但尚未克服。

Technical Analysis

技术分析

PEPE's daily outlook suggests a potential rise. For this to materialize, the price needs to surpass $0.000009. The MACD indicator also indicates a weakening downtrend and increased OBV (On-Balance Volume).

PEPE 的每日前景显示潜在上涨。要实现这一点，价格需要超过 0.000009 美元。 MACD 指标还表明下降趋势减弱且 OBV（平衡量）增加。

Bullish Defense

看涨防御

One encouraging sign is PEPE's successful defense of the $0.00000678 level, a key Fibonacci retracement. This suggests that despite the recent weakness, the bulls remain strong.

一个令人鼓舞的迹象是 PEPE 成功守住了 0.00000678 美元的水平，这是一个关键的斐波那契回调位。这表明尽管近期疲软，但多头依然强劲。

Liquidation Zone

清算区

A 7-day review shows a high liquidation zone between $0.0000085 and $0.0000094. While the current uptrend is positive, a rise to these levels may trigger significant liquidation of short positions.

7 天的审查显示高清算区域在 0.0000085 美元到 0.0000094 美元之间。虽然当前的上升趋势是积极的，但上升到这些水平可能会引发空头头寸的大量清算。

Conclusion

结论

Investors may observe a price jump as liquidity is cleared. However, the sustainability of the rise depends on market demand and OBV indicators. If the uptrend continues in line with the market, PEPE could potentially regain the $0.00001 level.

随着流动性被清理，投资者可能会观察到价格上涨。但上涨的可持续性取决于市场需求和OBV指标。如果上涨趋势继续与市场一致，PEPE 可能会重新回到 0.00001 美元的水平。