Pepe Coin Price Faces Challenges as Crucial Support Level Nears

随着关键支撑位接近，佩佩币价格面临挑战

The price of Pepe Coin (PEPE) faces significant headwinds as it approaches a critical support level. A key technical indicator has plunged to its lowest point in a week, sparking concerns about PEPE's ability to maintain its current price levels.

佩佩币（PEPE）的价格在接近关键支撑位时面临重大阻力。一项关键技术指标已跌至一周最低点，引发人们对 PEPE 能否维持当前价格水平的担忧。

This decline comes amidst a broader market downturn, with Bitcoin recently losing its crucial $60,000 support. PEPE has followed suit, dropping 10.4% in the past 24 hours.

此次下跌是在更广泛的市场低迷时期发生的，比特币最近失去了 60,000 美元的关键支撑位。 PEPE 也紧随其后，在过去 24 小时内下跌了 10.4%。

Why is Pepe Coin Price Falling?

为什么佩佩币价格下跌？

The price decline mirrors a broader market trend triggered by Bitcoin falling below its $60,000 support level. BTC lost 3.4% between August 26th and 27th, marking a shift in the market's short-term outlook.

价格下跌反映了比特币跌破 60,000 美元支撑位引发的更广泛市场趋势。 8 月 26 日至 27 日期间，BTC 下跌 3.4%，标志着市场短期前景的转变。

Despite the downtrend, large investors such as BlackRock continue to show confidence in the market's long-term potential, evidenced by their recent purchase of 3,500 BTC.

尽管呈下降趋势，但贝莱德等大型投资者继续对市场的长期潜力表现出信心，他们最近购买了 3,500 比特币就证明了这一点。

On-Chain Metrics Provide Glimmers of Hope

链上指标带来了一线希望

On-chain metrics indicate that PEPE may have room for recovery. The daily profit ratio has declined to 0.34, its lowest since August 23rd, suggesting that most PEPE transactions are resulting in losses.

链上指标表明 PEPE 可能还有恢复的空间。日盈率已降至0.34，为8月23日以来的最低水平，表明大多数PEPE交易正在亏损。

However, a sharp spike in trading activity on August 28th, following the price decline, suggests that whales and retail traders may have taken advantage of the dip to accumulate tokens.

然而，随着价格下跌，8 月 28 日交易活动急剧增加，这表明鲸鱼和散户交易者可能利用了下跌的机会积累代币。

Additionally, the 30-day and 365-day Market Value to Realized Value (MVRV) ratio has fallen into the oversold zone, indicating that PEPE may be undervalued and due for a rebound.

此外，30天和365天市值与已实现价值（MVRV）比率已跌入超卖区域，表明PEPE可能被低估并需要反弹。

Technical Analysis

技术分析

The next major support level for PEPE is around $0.00000700. If it fails to hold above that level, the meme coin could drop lower to $0.00000600.

PEPE 的下一个主要支撑位约为 0.00000700 美元。如果未能保持在该水平之上，meme 币可能会跌至 0.00000600 美元。

Should PEPE bounce from the $0.00000700 support, it may retest the upper boundary of its current range at $0.00000900. A break above this resistance could lead to a 43% surge in price to $0.00001280.

如果 PEPE 从 0.00000700 美元的支撑位反弹，它可能会重新测试当前区间的上限 0.00000900 美元。突破该阻力位可能导致价格飙升 43% 至 0.00001280 美元。