1. PEPE Price Reached the Blue Skyzone Amid a Massive Follow-on Rise

Fueled by the whale buying activity, the memecoin is up over 50% this week.

PEPE 价格在大规模后续上涨中达到蓝天区 在鲸鱼购买活动的推动下，memecoin 本周上涨了 50% 以上。

The Frog-theme-based memecoin Pepe (PEPE) price made its fresh ATH (all-time high) of $0.00001718 yesterday and was in strong bullish momentum. 2024 is unofficially the year of memecoins and PEPE is among the coins that soared the most. Though PEPE price was in an uptrend, after the rounding bottom formation breakout, the memecoin exceeded the bull run and rallied over 50% this week and over 140% this month.

基于青蛙主题的 memecoin Pepe (PEPE) 价格昨天创下 0.00001718 美元的新 ATH（历史新高），并处于强劲的看涨势头。 2024 年是非正式的模因币年，PEPE 是涨幅最大的币种之一。尽管 PEPE 价格处于上升趋势，但在突破圆底形成后，memecoin 超越了牛市，本周上涨了 50% 以上，本月上涨了 140% 以上。

What Triggered the Massive Bull Run in PEPE Price?

是什么引发了 PEPE 价格的大规模牛市？

Pepe Coin entered like thunder in the crypto world and has surprised traders and investors. It crossed the $1 Billion market capitalization in just 20 days and reached the milestone. Recently, the Ether ETF launch news fueled the buying pressure in the memecoin community, resulting in speculative moves. Interestingly, PEPE surged the most and skyrocketed over 140% this month.

佩佩币（Pepe Coin）如雷霆般进入加密世界，令交易者和投资者感到惊讶。仅用了20天，它的市值就突破了10亿美元，达到了里程碑。最近，以太坊 ETF 推出的消息加剧了 memecoin 社区的购买压力，导致投机行为。有趣的是，PEPE 涨幅最大，本月涨幅超过 140%。

No doubt crypto enthusiasts have witnessed the bull run in the memecoin and are eyeing further upside, but the price action suggests that it might revert from the top anytime. At press time, Pepe (PEPE) price was trading at $0.00001627 with an intraday gain of 2.11%, reflecting massive bullish momentum on the charts. The market cap rose to $6.98 Billion, and the trading volume rose over 23% to $1.98 Billion.

毫无疑问，加密货币爱好者已经见证了 memecoin 的牛市，并期待进一步上涨，但价格走势表明它可能随时从顶部恢复。截至发稿时，Pepe (PEPE) 价格交易于 0.00001627 美元，盘中涨幅为 2.11%，反映出图表上巨大的看涨势头。市值升至 69.8 亿美元，交易量增长超过 23% 至 19.8 亿美元。

Per @lookonchain on , significant whale activity had fueled the buying pressure in the last few weeks.

根据 @lookonchain 的说法，鲸鱼的大量活动加剧了过去几周的购买压力。

A whale withdrew 2,034 $ETH($7.95M) and 123.8B $PEPE($2.06M) from #Kraken 10 mins ago. This whale has withdrawn 4,702 $ETH($18M) at $3,828 in the past 28 hours. He has withdrawn 481.77B $PEPE($8.03M) at $ 0.00001 since Mar 16 and currently has an unrealized profit of $3.17M.… pic.twitter.com/HpX34PGLAw— Lookonchain (@lookonchain) May 27, 2024

10 分钟前，一头鲸鱼从 #Kraken 提取了 2,034 $ETH（$7.95M）和 123.8B $PEPE（$2.06M）。在过去 28 小时内，这只鲸鱼以 3,828 美元的价格提取了 4,702 美元 ETH（1800 万美元）。自 3 月 16 日以来，他已以 0.00001 美元的价格提取了 481.77B $PEPE($8.03M)，目前未实现利润为 $3.17M。… pic.twitter.com/HpX34PGLAw — Lookonchain (@lookonchain) 2024 年 5 月 27 日

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来源：

PEPE Soared 140% this Month: Still Safe to Buy Pepe?

PEPE本月飙升140%：购买Pepe仍然安全吗？

Amidst the market uncertainty and sharp volatility, the memecoin pocket continued to reward its investors. The memecoin theme generated impressive, massive profits within the short term. Investors have shown massive interest in PEPE crypto and witnessed a sharp surge in valuations.

在市场不确定性和剧烈波动的情况下，模因币口袋继续回报投资者。模因币主题在短期内产生了令人印象深刻的巨额利润。投资者对 PEPE 加密货币表现出了巨大的兴趣，并见证了估值的大幅飙升。

Source: TradingView

来源：TradingView

A rounding bottom formation was visible, and the memecoin surpassed the trajectory hurdle of $0.00001100. Afterward, the PEPE crypto continued to soar, yet no signs of a selloff were replicated. Any slippage below $0.00001320 might create the possibility of trend reversal and signs of caution. Otherwise, the bullish wave will continue and the memecoin will continue to shoot up the gains. Following the jump, trading volume surged significantly, highlighting the investors’ speculation.

可以看到圆底形成，模因币突破了 0.00001100 美元的轨迹障碍。此后，PEPE加密货币继续飙升，但没有出现抛售的迹象。任何低于 0.00001320 美元的下滑都可能会产生趋势逆转的可能性和谨慎的迹象。否则，看涨浪潮将持续，memecoin 将继续上涨。上涨后，交易量大幅飙升，凸显了投资者的投机行为。

What the Key Metrics Show

关键指标显示什么

The Momentum Indicator (Relative Strength Index) remained overbought, which signals that a short-term retracement is due and might be seen anytime soon. Additionally, the GIOM indicator saw that 90% of in-the-money holders at the current price levels are in profit, whereas only 10% are looking to secure their gains.

动量指标（相对强度指数）仍然处于超买状态，这表明短期回调即将到来，并且可能很快就会出现。此外，GIOM 指标显示，在当前价格水平上，90% 的价内持有者处于盈利状态，而只有 10% 的人希望确保收益。

Source: IntoTheBlock

来源：IntoTheBlock

Though the memecoin is trading in a solid uptrend, revealing a follow-on rise, a dragonfly doji candlestick was noted in the last session, an early indication of the possible selloff.

尽管 memecoin 交易处于稳健的上升趋势，显示出后续上涨，但在上一个交易日中出现了蜻蜓十字星烛台，这是可能出现抛售的早期迹象。

Futures OI Data Outlook

期货OI数据展望

Amidst the bull run, the futures derivative data hints that profit booking is on the cards.

在牛市中，期货衍生品数据暗示获利盘正在酝酿之中。

Source: coinglass

来源：硬币玻璃

The open interest dropped over 4.39% to $187.75 Million in the last 24 hrs, revealing the long unwinding data. This might create an imbalance and trigger a short-term profit booking ahead.

过去 24 小时内，未平仓合约下跌超过 4.39%，至 1.8775 亿美元，揭示了多头平仓数据。这可能会造成不平衡并引发短期利润提前预订。

Pepe coin witnessed a significant surge in popularity due to the short-term demand. With a growing community, PEPE is gathering attention, and investors are closely eyeing it.

由于短期需求，佩佩币的受欢迎程度大幅上升。随着社区的不断壮大，PEPE越来越受到关注，投资者也在密切关注。

Source: Santiment

资料来源：Santiment

The social dominance and followers data revealed a sharp increase followed by the price surge. The social dominance data surged over 270% this month, noting around 2.473%, while the followers surged to 8442, noting a spike of over 156% in the past month.

社会支配力和追随者数据显示价格大幅上涨。本月社交统治力数据飙升超过 270%，约为 2.473%，而追随者激增至 8442 人，过去一个月激增超过 156%。

The immediate support levels for the Pepe coin are $0.00001500 and $0.00001330, whereas the key upside hurdle is around $0.00001800, followed by $0.00001950.

Pepe 币的直接支撑位是 0.00001500 美元和 0.00001330 美元，而关键的上涨障碍是 0.00001800 美元左右，其次是 0.00001950 美元。

Should you buy or not?

你应该买还是不买？

The Pepe coin continued to shoot up the gains and decisively sustained gains in the bullish trajectory. With a notable rise of 50% this week, PEPE continued to make new highs every day.

佩佩币继续上涨，并在看涨轨迹中果断地维持上涨。 PEPE本周大幅上涨50%，每日不断创新高。