Memecoins Struggle Amid Bearish Market, Dogecoin and PEPE Buck the Trend

Memecoin 在熊市中挣扎，Dogecoin 和 PEPE 逆势而上

In the past 24 hours, Dogecoin (DOGE) and PepeCash (PEPE) experienced price declines of approximately 2%, while the overall market sentiment remained bearish for both memecoins.

在过去 24 小时内，狗狗币 (DOGE) 和 PepeCash (PEPE) 的价格下跌了约 2%，而整体市场情绪仍然看跌这两种 memecoin。

Despite the negative market conditions, DOGE and PEPE outperformed other memecoins, such as Shiba Inu (SHIB) and Dogwifhat (WIF), which saw drops of 6% and 8%, respectively.

尽管市场状况不佳，DOGE 和 PEPE 的表现仍优于其他 memecoin，例如 Shiba Inu (SHIB) 和 Dogwifhat (WIF)，后者分别下跌了 6% 和 8%。

At the time of writing, PEPE was trading at $0.00001457, while DOGE was valued at $0.1592, according to CoinMarketCap.

根据 CoinMarketCap 的数据，截至撰写本文时，PEPE 的交易价格为 0.00001457 美元，而 DOGE 的交易价格为 0.1592 美元。

Notably, PEPE recently made headlines with a surge in price that brought it to an all-time high. However, despite DOGE's relatively stable price action, its weighted sentiment dropped, indicating a dominant bearish sentiment in the market.

值得注意的是，PEPE 最近因价格飙升而登上头条新闻，创下历史新高。然而，尽管 DOGE 的价格走势相对稳定，但其加权情绪却下降，表明市场上看跌情绪占主导地位。

Lookonchain's analysis suggests that PEPE's stability may be attributed to large purchases by two whales, who bought over 500 billion PEPE worth approximately $7.5 million during the recent price decline.

Lookonchain 的分析表明，PEPE 的稳定性可能归因于两只鲸鱼的大量购买，它们在最近的价格下跌期间购买了超过 5000 亿个 PEPE，价值约 750 万美元。

Technical Analysis

技术分析

A technical analysis of PEPE's daily chart shows that its price is hovering just above its 20-day Simple Moving Average (SMA). This indicates that a continuation of the bearish trend could push the price below the 20-day SMA. However, its Chaikin Money Flow (CMF) is uptrending, suggesting potential bullish momentum.

PEPE 日线图的技术分析显示，其价格徘徊在 20 日简单移动平均线 (SMA) 上方。这表明看跌趋势的持续可能会将价格推低至 20 日移动平均线下方。然而，其柴金资金流量（CMF）呈上升趋势，表明潜在的看涨势头。

For Dogecoin, the outlook appears less favorable. Its MACD indicator suggests a bearish crossover on May 31st, while the Relative Strength Index (RSI) has declined, reaching the neutral zone. These indicators hint at a potential price drop for DOGE.

对于狗狗币来说，前景似乎不太乐观。其 MACD 指标显示 5 月 31 日出现看跌交叉，而相对强弱指数 (RSI) 已下降，达到中性区域。这些指标暗示 DOGE 的价格可能会下跌。

Nevertheless, DOGE's Chaikin Money Flow remains bullish, indicating that significant buying pressure persists. If the downturn continues, DOGE may fall to its support level at $0.148, potentially leading to a further decline to $0.129.

尽管如此，DOGE 的柴金资金流仍然看涨，表明巨大的购买压力仍然存在。如果经济持续低迷，DOGE 可能会跌至 0.148 美元的支撑位，从而可能进一步跌至 0.129 美元。