隨著山寨幣獲得關注，PEPE 幣努力重複過去的成功，但 12 月可能為另一個 ATH 奠定基礎

與上一個週期相比，資金流出比特幣[BTC]的性質已經改變了。與加密貨幣交易所用戶不同，機構投資者

Pepe [PEPE] coin has struggled in recent times, posting a nearly 7% weekly decline. While this may seem minor, the contrast in capital influx is stark when compared to altcoins. However, this may just be a ‘temporary’ blip, not a permanent trend. After all, PEPE coin hit key milestones in the post-election cycle, smashing through resistance at $0.000020 and reaching an all-time high of $0.00002524 just two weeks ago.

Pepe [PEPE] 代幣近期表現不佳，每週下跌近 7%。雖然這看起來微不足道，但與山寨幣相比，資本流入的對比卻很鮮明。然而，這可能只是「暫時」的現象，而不是永久的趨勢。畢竟，PEPE 代幣在選舉後週期中達到了關鍵里程碑，突破了 0.000020 美元的阻力位，並在兩週前達到了 0.00002524 美元的歷史新高。

A correction was inevitable as trading volume surged to a record 214 trillion, signaling an overheated market. As a result, two consecutive weeks of downtrend have positioned PEPE coin below its earlier resistance, now valued at $0.00001923 (at the time of writing).

隨著交易量飆升至創紀錄的 214 兆美元，預示著市場過熱，調整不可避免。因此，連續兩週的下跌趨勢使 PEPE 代幣低於其先前的阻力位，目前價值為 0.00001923 美元（在撰寫本文時）。

Is PEPE coin ready to break another ATH by December?

PEPE 幣準備好在 12 月之前突破另一個 ATH 了嗎？

The MACD crossover on the daily chart has turned bearish, signaling further downside. This suggests that a bottom has not yet formed, making a rebound before the end of this month less likely.

日線圖上的 MACD 交叉已轉為看跌，預示著進一步下行。這表明底部尚未形成，本月底之前反彈的可能性較小。

However, December could set the stage for PEPE to break past $0.00002600. Though, it won’t be an easy feat, given the extreme volatility expected as bulls aim to push BTC above $100K before the end of Q4.

然而，12 月可能為 PEPE 突破 0.00002600 美元奠定基礎。不過，考慮到多頭的目標是在第四季末之前將 BTC 推升至 10 萬美元以上，預計將出現極端波動，這並不是一件容易的事。

As mentioned earlier, this cycle has solidified altcoins as a superior asset class. A Bitcoin bull run, therefore, is likely to push memecoins toward previous resistance levels, though reaching an all-time high may prove difficult.

如前所述，這個週期鞏固了山寨幣作為優質資產類別的地位。因此，比特幣牛市可能會將迷因幣推向先前的阻力位，儘管達到歷史新高可能會很困難。

Interestingly, whales began accumulating PEPE coin a day before it hit its ATH, with an astounding 4.1 trillion tokens being withdrawn.

有趣的是，鯨魚在 PEPE 幣達到最高峰值的前一天就開始積累，撤回的代幣數量高達 4.1 萬億，數量驚人。

However, since then, whales have started offloading, keeping the memecoin on a downtrend. This impact is understandable, as memecoins rely heavily on large HODLers to break key resistance points.

然而，從那時起，鯨魚開始拋售，使迷因幣保持下跌趨勢。這種影響是可以理解的，因為迷因幣嚴重依賴大型持有者來突破關鍵阻力點。

Meanwhile, spot traders have reacted differently. Over the past three days, PEPE coin has posted a ‘slight’ uptick, with daily gains exceeding 2%, keeping the price within the $0.0000180–$0.0000200 band.

同時，現貨交易商的反應有所不同。過去三天，PEPE 幣出現「小幅」上漲，每日漲幅超過 2%，將價格維持在 0.0000180 美元至 0.0000200 美元的區間內。

This anomaly underscores the influence whales wield in dictating PEPE’s price action. Therefore, to reach a new ATH before the end of this cycle, monitoring whale activity will be crucial in pinpointing where the next local bottom forms.

這種異常現象凸顯了鯨魚在決定 PEPE 價格走勢的影響力。因此，為了在本週期結束之前達到新的最高點，監測鯨魚活動對於確定下一個局部底部形成的位置至關重要。

A historical pattern identified by AMBCrypto underscores the challenges ahead for the memecoin community as altcoins continue gaining notable traction. Typically, as Bitcoin nears a psychologically significant price point, investors shift focus to high-cap tokens, seeking affordability to minimize losses and maximize returns.

AMBCrypto 發現的歷史模式凸顯了隨著山寨幣繼續獲得顯著關注，迷因幣社群面臨的挑戰。通常，當比特幣接近心理上重要的價格點時，投資者會將注意力轉向高市值代幣，尋求可負擔性以最小化損失並最大化回報。

Until the last cycle, memecoins were the primary beneficiaries of this strategy, posting higher highs as BTC hit market tops. For instance, in mid-May, PEPE coin saw a week of consecutive green candlesticks, with daily gains of 20%, coinciding with a period when Bitcoin faced rejection at $70K after hitting an ATH of $73K two months earlier.

直到上一個週期，迷因幣都是這項策略的主要受益者，隨著比特幣觸及市場頂部，它們創下了更高的高點。例如，5 月中旬，PEPE 代幣連續一周呈現綠色燭台，日漲幅為 20%，恰逢比特幣在兩個月前觸及 7.3 萬美元 ATH 後在 7 萬美元處遭遇拒絕的時期。

In simple terms, PEPE became a strong contender for investors looking to re-allocate profits from Bitcoin’s bull run, helping it post a new ATH of $0.00001673.

簡而言之，PEPE 成為希望重新分配比特幣多頭利潤的投資者的有力競爭者，幫助其創下 0.00001673 美元的新 ATH。

However, this cycle has been different. While BTC surged to new highs, altcoins have held PEPE back from repeating its past success. Just a week before BTC hit an ATH of $99K, PEPE had already started its downward slide, with weak hands getting shaken out.

然而，這個週期有所不同。儘管 BTC 飆升至新高，但山寨幣卻阻止了 PEPE 重複過去的成功。就在 BTC 觸及 9.9 萬美元的前一周，PEPE 已經開始下滑，弱手被淘汰。

Without bullish backing from whales, PEPE’s price couldn’t maintain its momentum and instead retraced.

如果沒有鯨魚的看漲支持，PEPE 的價格無法維持其勢頭，反而出現回檔。

Therefore, the path forward for PEPE coin is far from smooth. Unless this trend reverses, memecoins will remain at the mercy of large HODLers for support – who will only intervene if investors begin viewing memecoins as a legitimate asset class, shifting their focus away from altcoins.

因此，PEPE幣的前進之路遠非一帆風順。除非這種趨勢逆轉，否則模因幣仍將受到大型持有者的支持——只有當投資者開始將模因幣視為合法資產類別、將注意力從山寨幣轉移開時，他們才會進行幹預。

Without this shift, while a BTC bull run past $100K could spark a surge in PEPE’s price, reaching a new ATH might still remain elusive.

如果沒有這種轉變，雖然 BTC 多頭突破 10 萬美元可能會引發 PEPE 價格飆升，但達到新的 ATH 可能仍然難以實現。