Pepe Coin Confirms Bullish Trend, Poised for Price Discovery

Pepe Coin 确认看涨趋势，准备好进行价格发现

Following its recent surge above its previous all-time high, Pepe (PEPE), the frog-themed meme coin, has solidified a new uptrend. This mid-cap token, with a fully diluted valuation of approximately $8.8 billion and daily trading volume of $4.8 billion, has appreciated over 150% in the past two weeks, entering a highly anticipated price discovery phase.

继近期飙升至历史新高之后，以青蛙为主题的模因代币 Pepe (PEPE) 又巩固了新的上升趋势。这种中型代币的完全稀释估值约为 88 亿美元，每日交易量为 48 亿美元，过去两周已升值超过 150%，进入备受期待的价格发现阶段。

After consolidating for over seven months, PEPE is well-positioned for exponential growth in the coming period. The meme coin sector is anticipated to lead the next altcoin season, which is expected to commence with a significant decline in Bitcoin's weekly dominance.

经过七个多月的整合后，PEPE 已做好准备在未来一段时间内呈指数级增长。模因币领域预计将引领下一个山寨币季节，预计比特币的每周主导地位将大幅下降。

Factors Driving PEPE's Upward Momentum

推动PEPE上升势头的因素

As a highly regarded meme coin on the Ethereum platform, PEPE has attracted substantial investor interest due to its deep liquidity on numerous DeFi protocols. Additionally, the recent breakout of Dogecoin (DOGE), the industry leader, has signaled the start of another meme season.

作为以太坊平台上备受推崇的 meme 币，PEPE 因其在众多 DeFi 协议上的深厚流动性而吸引了大量投资者的兴趣。此外，行业领导者狗狗币（DOGE）最近的突破也标志着另一个迷因季节的开始。

Last week, the Pepe community received significant support through its listing on major cryptocurrency exchanges, including Coinbase and Robinhood.

上周，Pepe 社区通过在 Coinbase 和 Robinhood 等主要加密货币交易所上市而获得了大力支持。

Short-Term Target and Technical Analysis

短期目标和技术分析

With Pepe shorts converting to longs, amplifying the macro short squeeze, the Ether-based meme coin is poised to continue its ascent. From a technical perspective, PEPE is potentially following a bullish breakout similar to the one observed in February 2024.

随着 Pepe 空头转为多头，放大了宏观空头挤压，基于以太坊的 meme 代币有望继续上涨。从技术角度来看，PEPE 可能会出现类似于 2024 年 2 月观察到的看涨突破。

If this scenario unfolds, PEPE could potentially see a 10x increase from its recent breakout to $0.0009. However, traders should exercise caution due to the possibility of a fakeout before a definitive bullish breakout.

如果这种情况发生，PEPE 可能会从最近的突破上涨 10 倍至 0.0009 美元。然而，交易者应谨慎行事，因为在明确的看涨突破之前可能会出现假突破。