上周急剧激增后，Pepe经历了轻微的回调

佩佩（Pepe）上周激增后经历了轻微的回调。令牌的交易价格为0.00001399美元，下跌了3.19％

PEPE price pulled back slightly today as the memecoin sector continues to heat up.

随着Memecoin部门继续升温，今天的Pepe Price略有退缩。

On-chain data suggests that large holders may be taking some profits.

链上的数据表明，大持有人可能正在获取一些利润。

PEPE price pulled back slightly today after a remarkable surge last week. Trading at $0.00001399, the token is down 3.19% in the last 24 hours.

佩佩·普莱斯（Pepe Price）上周激增后，今天略有退缩。在过去24小时内，令牌的交易价格为0.00001399美元，下跌3.19％。

This follows an impressive 84% rise over the past few days.

在过去的几天中，这令人印象深刻的84％。

The overall memecoin sector continues to heat up, with total market capitalization increasing from $55 billion to $72.2 billion in less than two weeks.

整体纪念行业继续升温，总市值从不到两周的时间从550亿美元增加到722亿美元。

This move is fueled by the remarkable recovery of industry giants Dogecoin (DOGE) and Shiba Inu (SHIB), both of which have seen their prices double since mid-April.

自4月中旬以来，行业巨头Dogecoin（Doge）和Shiba Inu（Shib）的出色恢复助长了这一举动。

Recently, price action in PEPE has formed what technical analysts describe as a double top pattern, with two failed attempts to break above the $0.0015 psychological barrier.

最近，PEPE的价格动作形成了技术分析师所说的双层模式，两次失败的尝试超过了0.0015美元的心理障碍。

This technical formation often signals potential exhaustion in buying momentum and may hint at a forthcoming correction.

这种技术形成通常标志着购买势头的潜在疲惫，并可能暗示即将进行的更正。

On-chain data from May 12 reveals a dramatic spike in whale transactions, defined as transfers exceeding $100,000 in value.

5月12日起的链链数据显示，鲸鱼交易的急剧激增，定义为超过100,000美元的转移。

On-chain data from May 12 reveals a dramatic spike in whale transactions, defined as transfers exceeding $100,000 in value.

5月12日起的链链数据显示，鲸鱼交易的急剧激增，定义为超过100,000美元的转移。

The number of these large transactions spiked by 257%, reaching 720 on that day, which exactly coincides with PEPE’s price peak at $0.000015.

这些大型交易的数量飙升了257％，当天达到720，这与Pepe的价格峰值恰好为0.000015美元。

This observation is significant because when transaction counts among whales approach or exceed 800 after a strong uptrend, it often indicates that large holders are taking profits.

这一观察结果很重要，因为当鲸鱼在捕获强大后的交易中计数或超过800时，这通常表明大持有人正在获利。

Previous instances of this behavior in May, November, and December 2024 were followed by price corrections.

以前在5月，11月和2024年12月的这种行为的实例随后进行了价格更正。

However, despite these warning signs, retail enthusiasm remains strong. PEPE’s holder count has grown to over 432,000 addresses, suggesting continued grassroots support for the token.

但是，尽管有这些警告信号，零售热情仍然很强。 Pepe的持有人数量已增长到432,000多个地址，这表明对令牌的基层支持持续。

Over the past month, the coin has embarked on a remarkable journey. Starting from around $0.0000075 on May 6, PEPE doubled in value to reach $0.000015 by May 12.

在过去的一个月中，硬币开始了一段非凡的旅程。从5月6日的$ 0.0000075开始，Pepe的价值翻了一番，到5月12日达到0.000015美元。

This growth has cemented its position as the third-largest memecoin by market capitalization, trailing only the industry giants Dogecoin (DOGE) and Shiba Inu (SHIB).

通过市值，这种增长巩固了其作为第三大纪念的地位，仅落后于行业巨头Dogecoin（Doge）和Shiba Inu（Shib）。

PEPE’s market cap expansion from $2.4 billion in March to its current $5.9 billion demonstrates the explosive growth potential of popular memecoins during favorable market conditions.

佩佩的市值从3月的24亿美元扩大到目前的59亿美元，这表明了在有利的市场条件下，流行的纪念物的爆炸性增长潜力。

Technical Analysis: Mixed Signals Despite Recent Pullback

技术分析：尽管最近回调，但也有混合信号

A technical analysis of PEPE’s price chart on the four-hour timeframe reveals several concerning indicators for short-term holders.

对PEPE的价格表进行了四个小时的时间表的技术分析显示，短期持有人的几个指标。

The Relative Strength Index (RSI) shows a bearish divergence, declining from overbought territory toward the midpoint while the price attempted to maintain its uptrend.

相对强度指数（RSI）显示出看跌的分歧，从过度购买领土向中点下降，而价格试图维持其上升趋势。

Furthermore, the MACD indicator has formed a negative crossover, with both the MACD and signal lines trending lower, suggesting increasing bearish momentum.

此外，MACD指示器已经形成了负分频器，MACD和信号线趋势较低，表明持续的动量增加。

If PEPE breaks below the $0.00001274 support level, technical projections estimate a potential 25% decline toward $0.00001063.

如果Pepe突破低于$ 0.00001274的支持水平，那么技术预测估计潜在的25％下降到0.0000001063美元。

However, this bearish scenario would be invalidated if buyers push the price above the $0.000015 resistance level.

但是，如果买家将价格提高到0.000015美元的阻力水平，这种看跌的情况将无效。

Current RSI readings stand at 84.16, placing PEPE in overbought territory. This condition typically precedes consolidation periods, which can be healthy during strong upward trends.

当前的RSI读数为84.16，将Pepe置于过多的领土上。这种情况通常在整合期之前，在强烈的向上趋势中可以健康。

Derivatives Market Dynamics: High Long Positions and Record Open Interest

衍生品市场动态：高度长时间并记录开放兴趣

Derivatives market data tells an interesting story about trader sentiment. Despite the technical warning signs, 72% of PEPE traders on Binance maintain long positions.

衍生品市场数据讲述了一个关于交易者情绪的有趣故事。尽管有技术警告信号，但托管公司的Pepe交易员中有72％保持长期位置。

This has pushed the long/short ratio to 2.57, indicating strong bullish sentiment among retail traders.

这将长/短的比率提高到2.57，表明零售商人的强烈看涨情绪。

Open interest remains near record highs at $583 million, showing sustained trader engagement with the token.

开放兴趣仍然接近创纪录的高点，达到5.83亿美元，显示出与代币的持续交易者参与。

However, in the past 24 hours, PEPE’s trading volume has dropped by over 20%, and open interest has declined by 11.42%.

但是，在过去的24小时内，Pepe的交易量下降了20％以上，开放利息下降了11.42％。

This cooling activity has resulted in more than $4.71 million in long position liquidations, suggesting that some traders are beginning to take profits or get stopped out of positions.

这种冷却活动导致了超过471万美元的长位置清算，这表明某些交易者开始拿走利润或停止职位。