Pepe (PEPE) Projected to Decline Up to 30%

佩佩 (PEPE) 预计下跌 30%

On August 5, 2024, the cryptocurrency market witnessed a significant downturn, with an overall decline exceeding 18% within 24 hours. Pepe (PEPE), the third-largest meme coin, was heavily impacted, experiencing a substantial price drop of over 27% during the same period.

2024年8月5日，加密货币市场出现大幅低迷，24小时内整体跌幅超过18%。第三大 meme 币 Pepe (PEPE) 受到严重影响，同期价格大幅下跌超过 27%。

Trader Liquidations

交易者清算

The steep price decline triggered substantial liquidations among traders and investors, amounting to over $9.4 million. Notably, long positions accounted for $6.03 million of the liquidations, while short positions contributed $3.33 million.

价格急剧下跌引发了交易者和投资者的大量清算，金额超过 940 万美元。值得注意的是，多头头寸占清算的 603 万美元，而空头头寸则占 333 万美元。

Technical Analysis

技术分析

At present, PEPE has breached a critical support level of $0.0000061. Technical analysis suggests that the closing price of PEPE's daily candle will be pivotal in determining its future trajectory.

目前，PEPE已突破0.0000061美元的关键支撑位。技术分析表明，PEPE 每日蜡烛的收盘价将是决定其未来走势的关键。

• If PEPE closes below the $0.0000061 support level, it could potentially fall by 30% to its next support level around $0.0000043.
• Conversely, if the daily candle closes above this support level, PEPE may potentially rally by 25% in the upcoming days.

如果 PEPE 收盘低于 0.0000061 美元的支撑位，则可能会下跌 30% 至下一个支撑位 0.0000043 美元左右。相反，如果每日蜡烛收盘高于该支撑位，PEPE 可能会在未来几天上涨 25%。

Currently, PEPE exhibits bearish sentiment, trading below the 200 Exponential Moving Average (EMA) on a daily basis. This indicates a bearish trend on the higher time frame. However, the Relative Strength Index (RSI) suggests the possibility of a price reversal, as it is currently in the oversold zone.

目前，PEPE 表现出看跌情绪，日交易价格低于 200 指数移动平均线 (EMA)。这表明较高时间范围内的看跌趋势。然而，相对强弱指数（RSI）表明价格可能逆转，因为目前处于超卖区域。

Price Analysis

价格分析

PEPE is currently trading near $0.0000063, having experienced a price decline of over 27% within the last 24 hours. Notably, its trading volume has increased significantly by 190%, reflecting higher participation from traders and investors.

PEPE 目前的交易价格接近 0.0000063 美元，过去 24 小时内价格下跌超过 27%。值得注意的是，其交易量大幅增长了190%，反映出交易者和投资者的参与度更高。

Despite the selling pressure, some investors perceive this as a buying opportunity. A recent post on X (formerly Twitter) indicates that a wallet address with the identifier "0xf3ab" has withdrawn a considerable number of PEPE tokens from Binance. This suggests that bullish investors may be capitalizing on the market dip.

尽管面临抛售压力，一些投资者仍认为这是一个买入机会。 X（原 Twitter）上最近的一篇帖子表明，标识符为“0xf3ab”的钱包地址已从币安提取了大量 PEPE 代币。这表明看涨的投资者可能正在利用市场下跌的机会。