佩佩（PEPE）今年開局艱難，但新的買進訊號已經出現

佩佩今年的開局並不順利。在圖表上出現賣出訊號後，該代幣下跌了 20%。然而，隨著新的買入訊號的出現，仍然存在希望。

Despite starting the year on a positive note, Pepe (PEPE) token has seen some struggles lately. After hitting a sell signal on its 12-hour chart, the token dropped by 20%, putting traders on edge. However, a new buy signal has emerged, offering a glimmer of hope.

儘管年初表現良好，但 Pepe (PEPE) 代幣最近遇到了一些困難。在 12 小時圖表上發出賣出訊號後，該代幣下跌了 20%，令交易者感到緊張。然而，新的買入訊號的出現，帶來了一線希望。

Currently, PEPE is trading at $0.000017526, which is 1.8% lower than yesterday. As the token consolidates, traders are keeping an eye on key levels to gauge whether it can bounce back or might drop further.

目前，PEPE 交易價格為 0.000017526 美元，較昨日下跌 1.8%。隨著代幣的整合，交易者正在密切關注關鍵水平，以判斷是否可以反彈或可能進一步下跌。

PEPE Important Support and Resistance Levels

PEPE 重要支撐位與阻力位

From the 12-hour chart, we can see that PEPE is close to its support level at $0.00001662. This level has acted as resistance multiple times in the past, indicating that it could now provide strong support to stop prices from dropping further.

從12小時圖表我們可以看到，PEPE接近支撐位0.00001662美元。該水平過去曾多次充當阻力位，表明它現在可以提供強有力的支撐，阻止價格進一步下跌。

On the other hand, the token faces resistance at $0.00002200. If PEPE can break past this resistance, it could gain more momentum and continue rising. However, breaking through resistance levels can be challenging, especially in a bear market.

另一方面，該代幣面臨 0.00002200 美元的阻力。如果PEPE能夠突破這一阻力位，它可能會獲得更多動力並繼續上漲。然而，突破阻力位可能具有挑戰性，尤其是在熊市。

Relative Strength Index (RSI) for PEPE is at 38.9, which indicates that the token might be oversold at the moment. This could attract buyers and help PEPE begin to recover. However, for a strong recovery, breaking above the resistance line is necessary.

PEPE 的相對強度指數 (RSI) 為 38.9，這表明該代幣目前可能會超賣。這可能會吸引買家並幫助 PEPE 開始復甦。然而，為了強勁復甦，突破阻力線是必要的。

If PEPE fails to hold the support level at $0.00001662, it might drop even more and could see further losses.

如果 PEPE 未能守住 0.00001662 美元的支撐位，它可能會下跌更多，並可能會進一步下跌。

MVRV Ratio Shows PEPE May Be Undervalued

MVRV 比率顯示 PEPE 可能被低估

The MVRV ratio for PEPE is at 41.92%, which indicates that the token might be undervalued right now. According to this metric, many people holding PEPE are currently at a loss. This could be an opportunity for new buyers to enter the market at a lower price, as many people might be willing to sell their tokens to cut their losses.

PEPE 的 MVRV 比率為 41.92%，這表明該代幣目前可能被低估。根據這個指標，許多持有PEPE的人目前都處於虧損狀態。這可能是新買家以較低價格進入市場的機會，因為許多人可能願意出售他們的代幣以減少損失。

However, just being undervalued is not enough to make a token recover. It will need stronger market confidence and more buyers to push its price up.

然而，僅僅被低估並不足以使代幣恢復。它需要更強的市場信心和更多的買家來推高其價格。

Retail Activity Sends Mixed Signals

零售活動發出混合訊號

Looking at on-chain metrics, we can see that PEPE has 4,583 daily active addresses right now. This shows that while people are still using the network, the activity isn’t very high. On average, over the past 30 days, PEPE has had around 20k daily active addresses. So, while the activity is lower than usual, it could be a sign that people are still interested in the token.

查看鏈上指標，我們可以看到 PEPE 目前有 4,583 個每日活躍地址。這表明雖然人們仍在使用網絡，但活躍度並不是很高。平均而言，在過去 30 天裡，PEPE 每日活躍地址數量約為 2 萬個。因此，雖然活動低於平時，但這可能表明人們仍然對該代幣感興趣。

On the other hand, smaller investors have been more active lately. We can see a 66.67% increase in transactions worth $10 to $100, indicating that smaller investors are showing more interest in PEPE at this price level. But for PEPE to recover strongly, larger investors (wholes or whales) need to step in and drive demand.

另一方面，小型投資者最近更加活躍。我們可以看到價值 10 至 100 美元的交易增加了 66.67%，這表明較小的投資者對這個價格水平的 PEPE 表現出更大的興趣。但要使 PEPE 強勁復甦，大型投資者（整體或巨鯨）需要介入並推動需求。

Liquidations Show Market Struggles

清算顯示市場掙扎

According to Coinglass, PEPE has seen 410.98k in long liquidations compared to 114.55k in short liquidations. This means that more people were betting on price increases (long positions), but some of these bets didn’t work out as expected, causing them to lose their positions.

根據 Coinglass 的數據，PEPE 的多頭清算數量為 410.98k，而空頭清算數量為 114.55k。這意味著更多的人押注價格上漲（多頭部位），但其中一些押注並沒有達到預期效果，導致他們失去頭寸。

On the other hand, people betting on price decreases (short positions) closed out a smaller total amount of their positions. In total, there were 2.96 times more long liquidations than short liquidations for PEPE.

另一方面，押注價格下跌的人（空頭部位）平倉的部位總量較少。總的來說，PEPE 的多頭清算數量是空頭清算數量的 2.96 倍。

These imbalances can create more volatility in the market. If short-sellers start closing their positions, PEPE might get a small price boost. However, a real recovery will depend on more buyers entering the market.

這些失衡可能會造成市場更大的波動。如果賣空者開始平倉，PEPE 的價格可能會小幅上漲。然而，真正的復甦將取決於更多買家進入市場。