Pepe Token Price Surges in High-Volume Trading

Pepe 代币价格在大批量交易中飙升

Pepe (PEPE), the third-largest meme coin by market capitalization, has experienced a significant price increase over the past two days in a high-trading volume environment. As of Wednesday, Pepe was trading at $0.0000081, up by over 38% from its lowest point on Monday.

市值第三大模因币佩佩（PEPE）在过去两天的高交易量环境中价格大幅上涨。截至周三，Pepe 的交易价格为 0.0000081 美元，较周一的最低点上涨了 38% 以上。

Recovery Patterns and Market Sentiment

复苏模式和市场情绪

Pepe's price movement has mirrored that of other tokens such as Stacks (STX), Bonk, and Solana (SOL), which have also formed a "hammer pattern," a bullish reversal signal in technical analysis. Pepe has also recorded the highest trading volume among meme coins, reaching over $1.43 billion, exceeding Dogecoin's (DOGE) $1.03 billion and Shiba Inu's (SHIB) $356 million.

Pepe 的价格走势反映了 Stacks (STX)、Bonk 和 Solana (SOL) 等其他代币的价格走势，这些代币也形成了“锤子形态”，这是技术分析中的看涨反转信号。 Pepe 还创下了 Meme 币中交易量最高的记录，达到超过 14.3 亿美元，超过了狗狗币 (DOGE) 的 10.3 亿美元和柴犬 (SHIB) 的 3.56 亿美元。

Potential Risks

潜在风险

Despite Pepe's recovery, several key risks remain:

尽管佩佩已经康复，但几个关键风险仍然存在：

• Low Futures Open Interest: Pepe's futures open interest stands at $71 million, significantly lower than its July peak of over $141 million.
• Bearish Chart Patterns: Pepe has formed bearish chart patterns, including a head and shoulders pattern, which could limit its recovery potential.
• Crossover Pattern: Pepe remains below its 50-day and 100-day Simple Moving Averages, which have formed a bearish crossover pattern.

Elliott Wave Invalidation

期货未平仓合约低：Pepe 的期货未平仓合约为 7100 万美元，明显低于 7 月份超过 1.41 亿美元的峰值。 看跌图表模式：Pepe 已形成看跌图表模式，包括头肩模式，这可能会限制其复苏潜力。交叉形态：佩佩仍低于其 50 日和 100 日简单移动平均线，这两个移动平均线已形成看跌交叉形态。艾略特波浪失效

Pepe may have invalidated the impulsive Elliott Wave pattern by failing to complete its fifth wave. This could potentially signal a trend reversal.

佩佩可能因未能完成第五浪而使冲动型艾略特波浪模式无效。这可能预示着趋势逆转。

Conclusion

结论

Pepe's price recovery faces potential headwinds due to low futures open interest, bearish chart patterns, and its position below key moving averages. A break below $0.0000058 could indicate further downside pressure.

由于期货持仓量较低、看跌图表模式及其低于关键移动平均线的位置，佩佩的价格复苏面临潜在的阻力。跌破 0.0000058 美元可能表明进一步的下行压力。