PEPE Shows Resilience and Potential for Growth

PEPE 显示出韧性和增长潜力

Analyst observations suggest that PEPE may experience a bull run that surpasses its all-time-high value. However, on-chain indicators hint at a possible significant decline prior to the anticipated rally.

分析师观察表明，PEPE 可能会经历一次超过其历史最高值的牛市。然而，链上指标暗示在预期反弹之前可能会出现大幅下跌。

Despite the recent market downturn, the third-largest memecoin, PEPE, has demonstrated remarkable resilience, maintaining support at $0.0000080. In the past 24 hours, PEPE has surged 10%, currently trading at $0.00000866.

尽管最近市场低迷，但第三大模因币 PEPE 表现出了非凡的韧性，维持在 0.0000080 美元的支撑位。过去 24 小时内，PEPE 飙升 10%，目前交易价格为 0.00000866 美元。

Trading volume has also increased by 10%, with $1.14 billion in transactions. Market data indicates a total liquidation of $2.4 million, including $1.4 million in long positions and $1 million in short positions. Analysts believe this suggests active trading activity and potential market volatility.

交易量也增长了 10%，交易额达到 11.4 亿美元。市场数据显示，总清算额为240万美元，其中多头头寸140万美元，空头头寸100万美元。分析师认为，这表明交易活动活跃且存在潜在的市场波动。

Crypto analyst Sjuul notes similarities between PEPE's current price behavior and its movement in April, when it established the $0.0000060 support level before a bull run to its all-time high. Sjuul suggests that the bottom formation process takes time, indicating that PEPE may need some time to complete it before the expected rally.

加密货币分析师 Sjuul 指出，PEPE 目前的价格行为与 4 月份的走势有相似之处，当时 PEPE 在牛市升至历史高点之前确立了 0.0000060 美元的支撑位。 Sjuul表示，底部形成过程需要时间，这表明PEPE可能需要一些时间才能在预期反弹之前完成。

Technical analysis reveals a potential range formation between $0.000008 and $0.000013, with the MACD falling below neutral. Additionally, on-chain activities show that PEPE whales have been distributing their assets, while exchange supply has increased, potentially leading to selling pressure.

技术分析显示，潜在的区间形成于 0.000008 美元至 0.000013 美元之间，MACD 跌破中性线。此外，链上活动表明 PEPE 鲸鱼一直在分配其资产，而交易所供应量增加，可能会导致抛售压力。

However, the bearish on-chain signals are similar to those observed in July, when a whale deposited a significant amount of PEPE into Binance for potential liquidation. Furthermore, non-exchange address accumulation has declined, suggesting reduced large investor interest. The Open Interest (OI) has also slipped into the negative zone, indicating more short positions than long ones.

然而，看跌的链上信号与 7 月份观察到的信号类似，当时一只鲸鱼将大量 PEPE 存入币安以进行潜在的清算。此外，非交易所地址积累有所下降，表明大型投资者的兴趣有所下降。未平仓合约 (OI) 也滑入负值区域，表明空头头寸多于多头头寸。

Overall, while PEPE's potential for growth remains, on-chain indicators suggest the possibility of a deep price drop before the anticipated rally.

总体而言，虽然 PEPE 的增长潜力仍然存在，但链上指标表明，在预期反弹之前，价格可能会大幅下跌。