Pepe Coin Price Analysis

佩佩币价格分析

On Wednesday during Asian trading hours, the crypto market experienced increased selling pressure, causing Bitcoin's price to drop nearly 4%. This decline extended to major altcoins, including PEPE.

周三亚洲交易时段，加密货币市场抛售压力加大，导致比特币价格下跌近 4%。这种下降趋势延伸到了主要的山寨币，包括 PEPE。

PEPE Price Correction

PEPE 价格修正

The frog-themed memecoin, PEPE, has fallen 8% today, continuing its downward trend following the break of a channel setup. As of the time of writing, the coin was trading at $0.00001048.

以青蛙为主题的 memecoin PEPE 今天下跌了 8%，在通道设置被打破后继续其下跌趋势。截至撰写本文时，该代币的交易价格为 0.00001048 美元。

Bull Flag Pattern Formation

牛旗形态形成

Despite the correction, the daily chart for PEPE indicates the formation of a bull flag pattern. This pattern typically signals a temporary uptrend for buyers to regain momentum.

尽管出现修正，PEPE 的日线图显示牛旗形态正在形成。这种模式通常标志着买家重新获得动力的暂时上升趋势。

Long-Term Trend Remains Bullish

长期趋势仍然看涨

Although PEPE is experiencing a downward trend, the coin remains above the 50% Fibonacci retracement level. This suggests that the long-term trend is still bullish, with buyers maintaining dominance.

尽管 PEPE 正在经历下跌趋势，但代币仍高于 50% 斐波那契回撤位。这表明长期趋势仍然看涨，买家保持主导地位。

Whale Activity

鲸鱼活动

A recent sell-off by a major whale, dimethyltryptamine.eth, has raised concerns about a potential breakdown below $0.00001. The whale sold 10 billion PEPE tokens, valued at $112,000, after a 10-month hiatus from trading the coin.

最近，大型鲸鱼二甲基色胺.eth 的抛售引发了人们对价格可能跌破 0.00001 美元的担忧。在停止交易 10 个月后，鲸鱼出售了 100 亿个 PEPE 代币，价值 112,000 美元。

Conclusion

结论

The current correction in PEPE's price presents an opportunity for buyers to accumulate at a lower price point. However, investors should proceed with caution, as whale activity and the break of the channel setup indicate potential further downside.

目前 PEPE 价格的调整为买家提供了在较低价位积累的机会。然而，投资者应谨慎行事，因为鲸鱼活动和通道设置的突破表明潜在的进一步下跌。