Pepe Coin Price Correction Continues

Pepe Coin 价格调整仍在继续

In the past 24 hours, Pepe coin has experienced a price correction of 3.86%, dropping to $0.00000795. This follows a brief surge a few days ago. Could the price correction continue?

在过去的24小时内，佩佩币的价格回调了3.86%，跌至0.00000795美元。这是几天前短暂飙升之后的结果。价格调整能否继续？

The correction is part of a broader decline in the global cryptocurrency market, with the Crypto Fear and Greed Index falling from 30 to 29 within the same period. Crypto market capitalization has also dropped 3% to $2.07 trillion in a day, according to Coinmarketcap.

此次调整是全球加密货币市场更广泛下跌的一部分，同期加密货币恐惧和贪婪指数从 30 跌至 29。根据 Coinmarketcap 的数据，加密货币市值一天内也下跌 3% 至 2.07 万亿美元。

Technical Analysis: Correction May Continue

技术分析：调整可能继续

According to Coingape, Pepe coin is in a bearish zone based on its technicals and has formed a symmetrical triangle pattern. This pattern often indicates that downward pressure may continue.

根据 Coingape 的说法，从技术角度来看，佩佩币处于看跌区域，并形成了对称的三角形图案。这种模式通常表明下行压力可能会持续。

"The PEPE price is in a clear downtrend marked by lower highs and lower lows, forming a symmetrical triangle pattern. The price is currently trading below both the 50-day Exponential Moving Average (EMA) of $0.00000829 and the 200-day EMA of $0.00000961, adding further confirmation to the downtrend. The recent break below the triangle pattern suggests a continuation of the downtrend. Pepe Coin could potentially find support around $0.00000700, with the previous low being $0.00000600," writes Coingape.

“PEPE 价格处于明显的下降趋势，其高点和低点较低，形成对称三角形模式。价格目前交易低于 0.00000829 美元的 50 日指数移动平均线 (EMA) 和 0.00000961 美元的 200 日指数移动平均线 (EMA) ，进一步确认了下跌趋势。近期跌破三角形形态表明，Pepe Coin 可能会在 0.00000700 美元附近找到支撑，而之前的低点为 0.00000600 美元。”

A symmetrical triangle is a reversal or continuation pattern commonly used in technical analysis. It forms when the price action moves within a narrowing range, with trendlines connecting the descending highs and ascending lows.

对称三角形是技术分析中常用的反转或延续形态。当价格走势在狭窄的范围内移动时，它就形成了，趋势线连接着下降的高点和上升的低点。

This pattern indicates consolidation; in PEPE's case, it means price volatility is decreasing, and the market is relatively calm. When the price finally breaks out of one of the trendlines, either upwards or downwards, it can signal the beginning of a new trend. A bullish signal is usually given when the price breaks out upwards, while a bearish signal is given when it breaks out downwards. In this case, the recent breakout below the lower trendline suggests a potential continuation of the downtrend.

该形态表明盘整；就PEPE而言，这意味着价格波动正在减少，市场相对平静。当价格最终突破其中一条趋势线时，无论是向上还是向下，都可能预示着新趋势的开始。当价格向上突破时，通常会给出看涨信号，而当价格向下突破时，通常会给出看跌信号。在这种情况下，近期突破较低趋势线表明下跌趋势可能会持续。

This is further supported by the Moving Average Convergence Divergence (MACD) histogram, which shows a bearish signal with increasing downward momentum. When the MACD histogram is below zero and forming increasingly longer negative bars, it indicates growing downward momentum in PEPE's price. This means that selling pressure is dominant, and the price is likely to continue falling with more intensity.

移动平均收敛分歧 (MACD) 直方图进一步支持了这一点，该图显示出看跌信号，且下行势头不断增强。当 MACD 柱状图低于零并形成越来越长的负柱时，表明 PEPE 价格的下行势头正在增强。这意味着抛售压力占主导地位，价格可能会继续以更大强度下跌。

Whale Activity

鲸鱼活动

However, other data suggests a different trend. On-chain data, which tracks transactions on the blockchain, reveals an increase in whale activity for PEPE in the past 48 hours.

然而，其他数据表明了不同的趋势。跟踪区块链交易的链上数据显示，过去 48 小时内 PEPE 的鲸鱼活动有所增加。

Data from IntoTheBlock indicates a 192% surge in large-holder (whale) inflows between August 13th and 14th, 2024, signaling bullish sentiment towards the asset amid the PEPE price correction.

IntoTheBlock 的数据显示，2024 年 8 月 13 日至 14 日期间，大户（鲸鱼）资金流入激增 192%，表明在 PEPE 价格调整期间对该资产的看涨情绪。

Additionally, PEPE's netflow data shows a negative reading on August 14th, according to Coinglass. The previous day, around $5.95 million worth of PEPE entered exchanges, a rise from the positive netflow of $1.27 million the day before.

此外，根据 Coinglass 的数据，8 月 14 日 PEPE 的净流量数据显示为负值。前一天，价值约 595 万美元的 PEPE 进入交易所，较前一天 127 万美元的正净流量有所增加。

This, coupled with the increase in whale holdings, suggests that large investors may be accumulating Pepe Coin at lower prices during the correction, anticipating a potential bullish trend reversal.

再加上鲸鱼持有量的增加，表明大型投资者可能在调整期间以较低的价格积累 Pepe Coin，预计潜在的看涨趋势逆转。

Analysis of PEPE's Large Order Book data shows whale buy orders worth $2.6 million at prices around $0.00000579 and $0.00000670. These orders have been waiting for 9 days, indicating that whales are positioned to buy more PEPE tokens at lower levels. This could potentially drive the price of Pepe Coin higher, given the demand from large investors willing to buy at discounted prices.

PEPE 的大型订单数据分析显示，鲸鱼购买订单价值 260 万美元，价格约为 0.00000579 美元和 0.00000670 美元。这些订单已经等待了 9 天，表明鲸鱼准备在较低水平购买更多 PEPE 代币。鉴于愿意以折扣价购买的大型投资者的需求，这可能会推高 Pepe Coin 的价格。