Bearish Outlook for PEPE Despite Recent Gains

尽管近期有所上涨，但 PEPE 前景仍看跌

Despite a surge in the latter half of July, PEPE has maintained a bearish trend. Traders should be wary of a potential short squeeze in the near future.

尽管7月下半月出现大幅上涨，但PEPE仍保持看跌趋势。交易者应警惕近期潜在的轧空情况。

After a rejection at the $0.000013 resistance zone, PEPE has been trending downwards. Recent reports indicate the transfer of 400 million PEPE tokens worth $4.22 million to Binance, suggesting a potential sell-off.

在 0.000013 美元阻力区遭到拒绝后，PEPE 一直呈下降趋势。最近的报告显示，价值 422 万美元的 4 亿个 PEPE 代币已转移到币安，这表明可能会出现抛售。

The combination of price action and market indicators paint a bearish picture for PEPE. However, bulls may find solace in the fair value gap, which could provide support for trapped buyers.

价格走势和市场指标相结合，为 PEPE 描绘了一幅看跌的图景。然而，多头可能会在公允价值缺口中找到安慰，这可能为受困的买家提供支持。

Mid-Month Price Surge

月中价格飙升

In mid-July, PEPE experienced a rapid 52% price gain over five days. This surge created a significant support zone, highlighted in white on the daily chart. At present, PEPE is trading within this support zone.

7 月中旬，PEPE 价格在五天内快速上涨 52%。这次飙升创造了一个重​​要的支撑区域，在日线图上以白色突出显示。目前，PEPE 正在该支撑区域内交易。

Bearish Market Structure

看跌的市场结构

The bearish market structure became evident in the first week of July. PEPE bulls have failed to breach the recent lower high on June 26th. The daily RSI has dipped below neutral, indicating strong bearish momentum.

7 月第一周，看跌的市场结构变得明显。 PEPE 多头未能突破 6 月 26 日的近期较低高点。日线 RSI 已跌破中性，表明看跌势头强劲。

Potential for Short Squeeze

挤空的可能性

Despite the bearish indicators, the CMF remains above +0.05, suggesting significant buying pressure. This could potentially trigger a price reversal from the $0.000009-$0.00001 zone.

尽管指标看跌，CMF 仍高于 +0.05，表明买盘压力巨大。这可能会引发 0.000009 美元至 0.00001 美元区域的价格反转。

The high number of short positions relative to long positions increases the likelihood of a short squeeze. Liquidation levels at $0.000011 and $0.0000115 present potential targets for PEPE's upward movement. Swing traders may also consider using these levels as selling opportunities within the overall bearish structure.

空头头寸相对于多头头寸的数量较多，增加了轧空的可能性。 0.000011 美元和 0.0000115 美元的清算水平是 PEPE 上涨的潜在目标。波段交易者也可以考虑利用这些水平作为整体看跌结构中的卖出机会。