Global Crypto Market Update

全球加密货币市场更新

Global crypto asset market valuations have been declining, particularly since August 27, 2024. Current crypto market conditions have significantly impacted PEPE, and the movement of SOL remains a concern for traders. In the midst of this, BlockDAG Network has announced a partnership with renowned football club Borussia Dortmund.

全球加密资产市场估值一直在下降，特别是自 2024 年 8 月 27 日以来。当前的加密市场状况对 PEPE 产生了重大影响，而 SOL 的走势仍然是交易者关注的问题。在此期间，BlockDAG Network 宣布与著名足球俱乐部多特蒙德足球俱乐部建立合作伙伴关系。

PEPE Remains in Bear Territory After "False Rally"

“虚假集会”后 PEPE 仍处于熊市区域

Data indicates that PEPE's price remains in bear territory, following a false rally in recent days. This aligns with the current crypto market situation, where global crypto asset market capitalization has dropped to $2.17 trillion on Thursday, August 29, 2024, from its previous peak on Tuesday, August 27, 2024.

数据显示，继最近几天的虚假反弹之后，PEPE 的价格仍处于熊市区域。这与当前的加密市场形势相符，全球加密资产市值已从 2024 年 8 月 27 日星期二的峰值降至 2024 年 8 月 29 日星期四的 2.17 万亿美元。

Pepe Coin (PEPE) price is currently facing bearish prospects and is hovering near a critical support level. To avoid further downside of 22%, PEPE's price must hold above this level.

Pepe Coin (PEPE) 价格目前面临看跌前景，并徘徊在关键支撑位附近。为了避免进一步下跌 22%，PEPE 的价格必须保持在该水平之上。

On August 28, 2024, there was a net outflow of 1.16 trillion PEPE (equivalent to $8.96 million) from whale wallets. Data from IntoTheBlock suggests that PEPE's large holders have been consistently offloading their assets in recent days.

2024年8月28日，鲸鱼钱包净流出1.16万亿PEPE（折合896万美元）。 IntoTheBlock 的数据表明，PEPE 的大股东最近几天一直在持续抛售资产。

The daily candlestick for August 28, 2024, exhibits an ongoing "tug-of-war" between buyers and sellers, with a long upper wick indicating aggressive selling.

2024 年 8 月 28 日的每日烛台展示了买家和卖家之间持续的“拉锯战”，较长的上影线表示激进的抛售。

Meanwhile, data from Coinglass shows a net inflow of $4.19 million worth of PEPE into exchanges, signaling that whales are moving their crypto holdings to exchanges for potential sell-offs. According to Coinglass Crypto Derivatives Visual Screener (CDVS), open interest (OI) has declined by 4.3%, while as of this writing, the price has gained 0.14% in the last 24 hours, indicating uncertainty among traders.

与此同时，Coinglass 的数据显示，价值 419 万美元的 PEPE 净流入交易所，这表明鲸鱼正在将其持有的加密货币转移到交易所，以应对潜在的抛售。根据 Coinglass 加密货币衍生品视觉筛选器 (CDVS)​​ 的数据，未平仓合约 (OI) 下降了 4.3%，而截至撰写本文时，价格在过去 24 小时内上涨了 0.14%，这表明交易者之间存在不确定性。

Coinglass's Liquidations Chart also suggests a higher number of short positions than longs, reflecting a bearish sentiment in the market. Both traders and whales anticipate that PEPE's price may decline further.

Coinglass 的清算图表还显示，空头头寸数量多于多头头寸，反映出市场的看跌情绪。贸易商和鲸鱼都预计PEPE的价格可能会进一步下跌。

Currently, PEPE's price is likely to fall after the recent false rally, which could potentially lead to an aggressive correction and a 20% value decline. PEPE's price may find support around $0.00000700, which represents a 10% drop from its current value. However, if this support fails to hold, the price could fall another 22% to reach its August 5, 2024 low of approximately $0.00000585.

目前，PEPE 的价格在最近的虚假反弹之后可能会下跌，这可能会导致大幅调整和价值下跌 20%。 PEPE 的价格可能会在 0.00000700 美元左右找到支撑，这比当前价值下跌 10%。然而，如果该支撑位未能守住，价格可能会再下跌 22%，达到 2024 年 8 月 5 日的低点约 0.00000585 美元。

The ongoing whale selling and increase in short positions add to the bearish pressure, making it possible that the $0.00000700 support level may not hold.

持续的鲸鱼抛售和空头头寸的增加增加了看跌压力，使得 0.00000700 美元的支撑位可能无法守住。

If PEPE's price bounces off the support, holds above $0.00000700, and rebounds, it could indicate market strength and invalidate the current bearish scenario. In that case, PEPE's price could surge above $0.00000900 to reach new monthly highs.

如果 PEPE 的价格从支撑位反弹，保持在 0.00000700 美元上方，然后反弹，则可能表明市场走强，并使当前的看跌情景失效。在这种情况下，PEPE 的价格可能会飙升至 0.00000900 美元以上，达到月度新高。

Crypto Market Update: Where is Solana (SOL) Headed?

加密货币市场更新：Solana (SOL) 走向何方？

Reflecting the current state of the crypto market, Solana (SOL) price has been questioned further. As of this writing, the popular cryptocurrency is facing a downturn after breaking below $155 and $150. SOL is currently testing the $140 support level and struggling to initiate a recovery phase.

Solana (SOL) 的价格受到了进一步的质疑，反映了加密货币市场的现状。截至撰写本文时，流行的加密货币在跌破 155 美元和 150 美元后正面临低迷。 SOL 目前正在测试 140 美元的支撑位，并努力启动恢复阶段。

SOL's price initiated a fresh decline below $150. It is currently trading below both the $148 and the 100 hourly simple moving average (SMA). On SOL's hourly chart, the price is in a short-term descending channel, with resistance at $145.50. A clear break above $148 could initiate a recovery wave.

SOL 的价格再次跌破 150 美元。目前其交易价格低于 148 美元和 100 小时简单移动平均线 (SMA)。在SOL的小时图上，价格处于短期下降通道，阻力位为145.50美元。明确突破 148 美元可能会引发复苏浪潮。

Solana price started a decline from above $155, similar to Bitcoin and Ethereum. SOL spiked lower and traded below $150, even testing the $140 support. The price made a low near $140.53 and is currently consolidating losses. There was a minor bounce above $142 and $143, with the price rising above the 23.6% Fib retracement level of the decline from the $161.95 high to the $140.53 low.

Solana 价格从 155 美元以上开始下跌，与比特币和以太坊类似。 SOL 大幅走低，交投于 150 美元下方，甚至测试了 140 美元的支撑位。价格跌至 140.53 美元附近的低点，目前正在巩固跌势。价格小幅反弹至 142 美元和 143 美元上方，价格升至从 161.95 美元高点跌至 140.53 美元低点的 23.6% 斐波那契回撤位。

Solana is now trading well below $150 and the 100 hourly simple moving average. On the upside, the price is facing resistance near $146. There is also a short-term descending channel in place, with resistance at $145.50 on the 1-hour time frame.

Solana 目前的交易价格远低于 150 美元和 100 小时简单移动平均线。从好的方面来看，价格面临 146 美元附近的阻力。还有一个短期下降通道，1 小时时间范围内的阻力位为 145.50 美元。

The next major resistance is near $148. A successful close above the $148 and $150 resistance levels could trigger the next leg of steady gains. The next key resistance is near $152 or the 50% Fib retracement level of the decline from the $161.95 high to the $140.53 low. If there is a further rise, the price could aim for $162.

下一个主要阻力位在 148 美元附近。如果成功收于 148 美元和 150 美元阻力位上方，可能会引发下一阶段的稳定上涨。下一个关键阻力位在 152 美元附近，即从 161.95 美元高点跌至 140.53 美元低点的 50% 斐波那契回撤位。如果进一步上涨，价格可能会达到 162 美元。

If SOL fails to rise above $146, it could start another leg of decline. The initial support on the downside is near $142, with the first major support at $140. A break below $140 could open the doors for a decline towards $132. A close below $132 could lead the price to $125 in the near term.

如果 SOL 未能升破 146 美元，它可能会开始另一轮下跌。下行初步支撑位于 142 美元附近，第一个主要支撑位于 140 美元。跌破 140 美元可能为跌至 132 美元打开大门。收盘价低于 132 美元可能会导致价格在短期内升至 125 美元。

The Moving Average Convergence Divergence (MACD) technical indicator is also showing a bearish trend, while the Relative Strength Index (RSI) is below 50. The major support levels are at $142 and $140, while the major resistance levels are at $146 and $148.

平滑异同移动平均线（MACD）技术指标也呈现看跌趋势，而相对强弱指数（RSI）则低于50。主要支撑位在142美元和140美元，主要阻力位在146美元和148美元。

BlockDAG Network Partners with Borussia Dortmund

BlockDAG 网络与多特蒙德足球俱乐部合作

In other crypto market news, BlockDAG Network has announced a partnership with renowned football club Borussia Dortmund. The partnership was officially announced through BlockDAG Network's Twitter account on Wednesday, as well as on the official Borussia Dortmund website.

在其他加密货币市场新闻中，BlockDAG Network 宣布与著名足球俱乐部多特蒙德建立合作伙伴关系。此次合作于周三通过 BlockDAG Network 的 Twitter 账户以及多特蒙德足球俱乐部的官方网站正式宣布。

"BlockDAG Network is now officially a partner of 'the black yellow,' Borussia Dortmund, one of the legends of European football," BlockDAG Network tweeted.

“BlockDAG Network 现在正式成为欧洲足球传奇人物之一‘黑黄’多特蒙德足球俱乐部的合作伙伴，”BlockDAG Network 发推文说。

In an emailed statement, BlockDAG Network said that the high-profile partnership aligns with their presale target achievement, which has now reached $68.3 million.

BlockDAG Network 在一份电子邮件声明中表示，这一备受瞩目的合作伙伴关系符合其预售目标的实现，目前预售目标已达到 6830 万美元。

"By partnering with Dortmund, BlockDAG not only boosts its visibility but also connects with its fanbase across multiple nations, paving the way for a wider global influence. BlockDAG's $10 million alliance with Borussia Dortmund, a top-tier club in German football, catapults BlockDAG's reach worldwide," BlockDAG stated.

“通过与多特蒙德合作，BlockDAG 不仅提高了知名度，还与多个国家的球迷建立了联系，为更广泛的全球影响力铺平了道路。BlockDAG 与德国足球顶级俱乐部多特蒙德足球俱乐部价值 1000 万美元的联盟，推动了 BlockDAG 的发展覆盖全球”，BlockDAG 表示。