Pepe Price Rise: Recovery Stalls Amidst Liquidations

佩佩价格上涨：清算中复苏停滞

The cryptocurrency market, especially the meme coin sector, is renowned for its volatility. After hitting a peak in May 2023, Pepe's value underwent a correction, reflecting the broader market trend. However, recent weeks have witnessed a resurgence in Pepe's worth. As of July 8th, 2024, the coin has shown a 9.41% increase in the last 24 hours, fueling optimism among investors.

加密货币市场，尤其是模因币领域，以其波动性而闻名。在2023年5月达到峰值后，佩佩的身价经历了回调，反映了更广泛的市场趋势。然而，最近几周佩佩的身价有所回升。截至2024年7月8日，该币在过去24小时内上涨了9.41%，激发了投资者的乐观情绪。

Pepe's price had been in a recovery phase, but this bullish outlook has unfortunately given way to a bearish reversal. Despite the substantial losses, large investors remain undeterred and continue their buying spree.

佩佩的价格一直处于复苏阶段，但不幸的是，这种看涨前景已经让位于看跌逆转。尽管损失惨重，大型投资者仍然没有被吓倒，继续疯狂买入。

The recent 9% surge in Pepe's price over the past 24 hours has surprised the market. Not only did it fail to spark a sustained recovery, but it also triggered significant liquidations of short positions.

最近佩佩的价格在过去24小时内飙升了9%，令市场感到惊讶。不仅未能引发持续复苏，还引发大量空头平仓。

Data from Coinglass reveals that the meme coin experienced a massive $17 million worth of short liquidations in just one day. This marks the largest sell-off in Pepe's history, indicating that pessimists had anticipated a further drop in its price over the weekend.

Coinglass 的数据显示，Meme 代币在短短一天内就经历了价值 1700 万美元的大规模空头清算。这标志着佩佩历史上最大规模的抛售，表明悲观主义者预计其价格将在周末进一步下跌。

However, this news has had a positive impact on other investors, especially whales with substantial holdings. These non-exchange addresses hold the highest amount of Pepe compared to other individual addresses.

不过，这一消息对其他投资者，尤其是持有大量股份的鲸鱼产生了积极影响。与其他个人地址相比，这些非交易所地址持有的 Pepe 数量最多。

In the past three weeks, these investors have acquired over 1.5 trillion Pepe, worth more than $13 million. It's evident that top holders perceive the recent decline as a buying opportunity rather than a bearish signal. This accumulation could yield lucrative profits if the price recovers.

在过去三周内，这些投资者已收购了超过 1.5 万亿枚 Pepe，价值超过 1300 万美元。显然，顶级持有者将近期的下跌视为买入机会，而不是看跌信号。如果价格回升，这种积累可能会产生丰厚的利润。

Earlier this week, Pepe's price plunged significantly, breaking an uptrend that had persisted since mid-April. The meme coin consequently fell from $0.00001146 to $0.00000889 at the time of writing. The drop below $0.00001000 was a significant bearish signal, leading many to expect further declines.

本周早些时候，佩佩的价格大幅下跌，打破了自四月中旬以来一直持续的上涨趋势。在撰写本文时，Meme 币从 0.00001146 美元跌至 0.00000889 美元。跌破 0.00001000 美元是一个重要的看跌信号，导致许多人预计会进一步下跌。

Nevertheless, the green candlestick observed 24 hours ago suggests a potential recovery. Should Pepe manage to establish support above $0.00001000, it could rebound to $0.00001146, potentially erasing recent losses.

然而，24 小时前观察到的绿色烛台表明潜在的复苏。如果 Pepe 设法在 0.00001000 美元上方建立支撑，它可能会反弹至 0.00001146 美元，从而有可能消除近期的损失。

If this does not occur, a drop to $0.0000775 is possible, followed by consolidation below $0.00001000. This would weaken the optimistic outlook.

如果这种情况没有发生，则可能会跌至 0.0000775 美元，然后盘整至 0.00001000 美元以下。这将削弱乐观前景。

Pepe Price Rise: Summary

佩佩价格上涨：摘要

In summary, Pepe's price rise reflects a volatile market sentiment with mixed signals of optimism and caution. After initial signs of recovery, the coin faced challenges, including substantial short liquidations of $17 million, marking a significant setback.

总而言之，佩佩的价格上涨反映了市场情绪的波动，夹杂着乐观和谨慎的信号。在出现初步复苏迹象后，该代币面临挑战，包括 1700 万美元的大量空头清算，标志着重大挫折。

This event, the largest sell-off in Pepe's history, highlighted concerns among pessimistic traders anticipating further price declines. Conversely, large investors, particularly non-exchange whales, have used lower prices to accumulate significant holdings, suggesting potential future gains if market conditions improve.

此次事件是佩佩历史上最大规模的抛售事件，凸显了悲观交易者对价格进一步下跌的担忧。相反，大型投资者，尤其是非交易所鲸鱼，利用较低的价格积累了大量持仓，这表明如果市场状况改善，未来可能会上涨。

With Pepe's price currently below critical support levels, specifically $0.00001000, its future trajectory remains uncertain. Possible scenarios include a bullish trend if support holds or further downside risks towards $0.00000775. The upcoming period will determine whether Pepe can regain momentum or face extended consolidation.

由于 Pepe 的价格目前低于关键支撑位，特别是 0.00001000 美元，其未来走势仍不确定。可能的情况包括如果支撑位守住则看涨趋势或进一步下跌至 0.00000775 美元的风险。未来一段时间将决定佩佩能否重拾动力，还是面临长期盘整。

It's crucial to note that Pepe's future, like most cryptocurrencies, remains uncertain. The recent price rise may be a genuine resurgence or a temporary fluctuation in a volatile market. Investors should always exercise caution and conduct thorough research before investing in cryptocurrencies, including meme coins like Pepe.

值得注意的是，像大多数加密货币一样，佩佩的未来仍然不确定。最近的价格上涨可能是真正的复苏，也可能是波动市场中的暂时波动。投资者在投资加密货币（包括 Pepe 等模因币）之前应始终保持谨慎并进行彻底的研究。