Pepe Coin Gains Momentum with Price Surge

Pepe Coin 价格飙升，势头强劲

This week has been remarkable for the popular memecoin Pepe (PEPE), which has witnessed a stunning 65% price increase. This surge underscores the growing momentum and heightened buying pressure surrounding the token. Concurrently, as Bitcoin (BTC) inches closer to the $69,000 mark and spot Ethereum ETFs receive approval, the broader cryptocurrency market is on an upward trajectory, fostering hopes for a potential bull run in memecoins. Speculation is rife on whether tokens like PEPE will see a dramatic boost this year, with projections suggesting PEPE might multiply 10 to 15 times in value in 2024 or even hit $1 by 2030.

本周对于流行的 memecoin Pepe (PEPE) 来说是引人注目的一周，其价格上涨了惊人的 65%。这种飙升凸显了围绕代币的增长势头和购买压力的加大。与此同时，随着比特币 (BTC) 逼近 69,000 美元大关，且现货以太坊 ETF 获得批准，更广泛的加密货币市场正处于上升轨道，激发了人们对 memecoin 潜在牛市的希望。人们普遍猜测 PEPE 等代币今年是否会出现大幅上涨，预测表明 PEPE 的价值可能在 2024 年增加 10 到 15 倍，甚至到 2030 年达到 1 美元。

PEPE's Impressive Price Performance

PEPE 令人印象深刻的性价比

PEPE recently crossed the significant $0.00001 threshold on the daily chart, triggering a rolling bottom formation breakout. This breakout has extended the bullish trend, pushing the token's value up by 65% this week and raising its market value by a staggering 178% over the past five weeks.

PEPE 最近突破了日线图上 0.00001 美元的重要门槛，引发了滚动底部形成突破。此次突破延续了看涨趋势，推动该代币的价值本周上涨了 65%，并在过去五周内使其市值上涨了 178%。

Over a more extended period, PEPE has surged nearly 1,300% in the past 14 weeks, reflecting a substantial increase in market demand. This week's 65% rise resulted in a bullish engulfing candle on the weekly chart, indicating robust buying interest.

从更长时间来看，PEPE在过去14周内飙升了近1,300%，反映出市场需求的大幅增长。本周 65% 的上涨导致周线图上形成看涨吞没蜡烛，表明强劲的买盘兴趣。

Currently, PEPE is trading at $0.00001510, experiencing a 6.82% intraday growth after a 5.26% drop the previous night. Technical indicators suggest a positive outlook for continued growth. The Relative Strength Index (RSI) remains in the overbought zone, signaling heightened demand. Moreover, the Historical Volatility (HV) index rose from 101 to 191 within a week, supporting the ongoing bullish trend.

目前，PEPE 的交易价格为 0.00001510 美元，继前一晚下跌 5.26% 后，盘中上涨 6.82%。技术指标显示持续增长的积极前景。相对强弱指数（RSI）仍处于超买区域，表明需求增加。此外，历史波动率（HV）指数在一周内从101升至191，支撑了持续的看涨趋势。

What Drives the Rally Potential?

是什么推动了反弹的潜力？

On the daily chart, the bullish momentum persists above the $0.000015 level, aligning with the 100% trend-based Fibonacci level. The rolling bottom breakout and the trend of rising dips suggest that PEPE could surpass the $0.00002 level. Beyond this, the memecoin targets $0.0000277, corresponding to the 2.618 trend-based Fibonacci level.

日线图上，看涨势头持续高于 0.000015 美元水平，与 100% 基于趋势的斐波那契水平一致。滚动底部突破和下跌趋势表明 PEPE 可能会突破 0.00002 美元的水平。除此之外，memecoin 的目标价为 0.0000277 美元，对应于基于趋势的斐波那契水平 2.618。

Key Insights for Investors

投资者的重要见解

• PEPE's price performance has demonstrated significant short-term and long-term growth potential.
• The RSI and HV indicators suggest sustained buying interest and increased market volatility.
• Future bullish catalysts like the Uptober rally, altcoin season, and potential interest rate cuts could further enhance PEPE's growth prospects.

Conclusion

PEPE 的价格表现显示出显着的短期和长期增长潜力。RSI 和 HV 指标表明持续的购买兴趣和市场波动性的增加。未来的看涨催化剂，如 Uptober 反弹、山寨币季节和潜在的降息可能会进一步增强 PEPE 的表现增长前景。结论

Looking forward, bullish catalysts such as the Uptober rally and altcoin season, coupled with potential interest rate cuts, could further propel PEPE. These factors contribute to the possibility of a 10 to 15 times rally in PEPE's price being a viable target for 2024, as buying pressure continues to mount.

展望未来，Uptober 反弹和山寨币季节等看涨催化剂，加上潜在的降息，可能会进一步推动 PEPE 的发展。随着购买压力持续增加，这些因素导致 PEPE 价格上涨 10 至 15 倍的可能性成为 2024 年的可行目标。

The post first appeared on BH NEWS: Pepe Coin Gains Momentum with Price Surge

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