PEPE Experiences Notable Decline After Recent Surge

PEPE 在近期飙升后经历显着下跌

The renowned memecoin PEPE has faced a significant drop in the past 24 hours, continuing its previous downward trend. The cryptocurrency has undergone a substantial market correction, falling below critical support levels. At the time of writing, PEPE's price has plummeted by 15.15% to $0.000008054 during European trading hours. CoinMarketCap data reveals a current market capitalization of $3.39 billion, representing a 15.14% decrease.

著名的 memecoin PEPE 在过去 24 小时内面临大幅下跌，延续了之前的下跌趋势。该加密货币经历了大幅市场调整，跌破了关键支撑位。截至撰写本文时，PEPE 的价格在欧洲交易时段暴跌 15.15% 至 0.000008054 美元。 CoinMarketCap 数据显示，当前市值为 33.9 亿美元，下降 15.14%。

PEPE's Recent Performance

PEPE近期表现

PEPE witnessed a significant surge recently, reaching an all-time high of $0.00001718 in May. However, its price has since declined by over 53%. Launched in April 2023, the cryptocurrency has entered consolidation phases characterized by sharp increases followed by rapid declines.

PEPE 最近大幅上涨，5 月份达到 0.00001718 美元的历史新高。然而，其价格此后已下跌超过 53%。该加密货币于 2023 年 4 月推出，现已进入盘整阶段，其特点是先急剧上涨，后迅速下跌。

Market Conditions

市场状况

Last week, PEPE breached several key support levels, finding stability at a low of $0.000008. Fluctuations between $0.000008 and $0.000012 indicate ongoing uncertainty amid heightened market volatility. This movement underscores PEPE's unpredictable nature, leading to a 36% pullback and a bearish trend with a 45% decline this month.

上周，PEPE 突破了几个关键支撑位，稳定在 0.000008 美元的低点。 0.000008 美元至 0.000012 美元之间的波动表明市场波动加剧，持续存在不确定性。这一走势凸显了 PEPE 的不可预测性，导致本月回调 36%，并呈现看跌趋势，下跌 45%。

Today, the cryptocurrency market has experienced significant selling pressure, with major assets such as Bitcoin, Ethereum, and Solana posting notable drops. Similarly, other memecoin projects, including Floki, Dogecoin, and Shiba Inu, have also declined, contributing to the broader market's bearish sentiment.

如今，加密货币市场经历了巨大的抛售压力，比特币、以太坊和 Solana 等主要资产均出现显着下跌。同样，包括 Floki、Dogecoin 和 Shiba Inu 在内的其他 memecoin 项目也出现下跌，加剧了大盘的看跌情绪。

PEPE Chart Analysis

PEPE图表分析

If an upward momentum gains traction, PEPE's price may rise to the closest resistance point of $0.000009, signaling market recovery. Establishing stability at this level could propel the currency towards $0.00001 by July's end. Stronger bullish sentiment could push PEPE above the $0.000005 threshold.

如果上涨势头增强，PEPE 的价格可能会升至最近的阻力点 0.000009 美元，这标志着市场复苏。在此水平上建立稳定可能会在 7 月底推动该货币升至 0.00001 美元。更强劲的看涨情绪可能会推动 PEPE 突破 0.000005 美元的门槛。

Conversely, persistent negative trends could drive PEPE down to the $0.000008 support level. Further decline to $0.000007 is possible, exacerbating its vulnerable position. Under ongoing market corrections, if bearish pressure intensifies, PEPE's price could reach $0.000005, indicating an oversold market.

相反，持续的负面趋势可能会推动 PEPE 跌至 0.000008 美元的支撑位。可能会进一步跌至 0.000007 美元，从而加剧其脆弱地位。在市场持续调整的情况下，如果看跌压力加剧，PEPE 的价格可能达到 0.000005 美元，表明市场超卖。